I'll do my best to answer your question. 

You didn't say what the specific deal is, how much work it will take, time frames, and what is required, so it's hard to give a good answer.

JC has 5 very different markets within it.I’ll be happy to answer any of your questions.Best,Mark

Here is a book list for you:"Buying and Selling Apartment Buildings" by Steve Burges"Multifamily Millions" by Dave Lindahl"It's a While New Business" by Gene Trowbridge "How to Create Lifetime Cashflow by Buying Multifamily Properties" by Rod Khelif.To answer your question, LOI is your first step.

I hope you get several answers that can help you to decide. 

I know this doesn't directly answer your question however a lot of people have told me cashflow doesn't exist in Austin.

I think the answer depends more on how many properties you own than anything else.

I found a seller willing to work with me and teach me the ropes of preparing the right statements, I reached out when I didn't know the answer, and I got comfortable with telling someone that I did't know.

It’s an excellent place to start, and can answer many of your questions.

Your answer is totally fair.