Email me if you would like the details on the properties.Notes:I used the same monthly fees for both properties to keep things comparable.Debt Service: 25% down, 5.125% rate, 30 year fixed.Management: 8%Closing costs: 3%Income tax rate: 0%, neither Texas or Nevada have state income taxesIf I used the popular rent/price ratio, here is the results:The clear winner is the Austin property.

It depends on how popular ur area is.

Plaza/Waldo areas can support up to 1500, after that it's pushing it... still can be done but longer vacancy and MUCH smaller tenant pool.Flip side of that is the suburbs, if you can find the popular schools and get the right place you have long term tenants.

The regulators don't like it, examiners don't like it and neither do state and federal entities.

More important is that anyone who lends money to anyone scrupulously follows their state and federal law.

The one accurate thing I have found the IRS to publish is the amount of time they estimate educating and filing a form will take at the beginning of each set of instructions - some of them cite 40 hours and I've found that to be about right the first time around - the second time is much faster.Thanks federal and state government!

My first rental property's loan is guaranteed by the federal government (VA).

The debt is forever removed from the obligations of the borrower and it is a federal crime to make ANY attempt to collect on that debt.  

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Contrary to popular belief you don't need to spend money to make money in this business.