Those price/rent ratios you are getting out of state are pretty achievable here in the DC area.

I like the goals you've set out for yourself and think they are more than achievable, as long as you are willing to put in the work.A few other guys on this site (Tim Gordon) and I host a meetup each month in SD at a different active investment property.

If you ever would like any information about this market, please feel free to contact me.Regarding your goal to build a retirement community in your area - I hope one day you achieve it.  

Since you are in Austin, we can meetup for a coffee and chat about these opportunities and learn more about what you are looking to achieve.  

Since, I've purchased a 3/2 in Houston Texas that's achieving a great return.More recently, I am in the middle of a condo purchase in Dallas Texas and we were set to close tomorrow but the deal went left in the final hour.

., for your BRRRR plan to be do-able, you need to achieve much better equity than 20% every time, in order to be able to get ALL your money back upon refinancing.Next time, the Bank might learn not to be so "smart".

I began my career in early 2007 only to find that though the money was good in comparison to other careers, I would still never achieve the level of wealth &/or independence we all dream about deep down inside.After realizing I made six figures in Seattle & although we lived well, we still lived paycheck to paycheck & still couldnt really aford the type of home I had always envisioned for us.   

I'm hoping that by starting early I can achieve financial independence sooner rather than later.

Although folks that live in low value to higher rent markets can achieve this with ease and or do better.. they do that by sourcing them selves rehabbing themselves and generally managing themselves.

Have you considered any of your goals about which you'd like to achieve in real estate?