I think my best option is to relocate to a cheap market, buy land, build a cheap house, and sell and once I gain more experience I can come back to Austin.

 - you can furnish fairly cheap (offer up, CL, buy nothing …, thrift or consignment stores, etc) but it take more effort and more calendar time.  

To me the cost of note servicing seems cheap compared to missing out on even one good deal per year.

I usually use Innago since its relatively cheap and fairly customizable.

Mobile homes in Parks are affordable housing as well as MH on private cheap lots in certain parts of the country.. and then of course you have HUGE areas of the mid west and rust belt were you can buy all sorts of houses for 200k and under.. they already exist..

You can definitely find great deals at a very cheap price point - $120k-$180k.

Courses online are relatively cheap and there's some brokerages like kw that have offered free online courses with no obligation to join afterwards.

Again I'll do more research on how much this could cost but I imagine it wont be cheap.

I keep hearing that umbrella insurance is cheap but I don't find that being the case. 

It's typically someone who only has certain amount to invest in and wants to buy cheap properties in the Midwest (like the numerous posts on BP).