My first property has had the same tenants for the past 7 years, my second has only had two different tenants in the past 6. 

While it’s not something I’d get in the habit of doing, I’d be happy to take 20 min out of my day to help out a tenant.

I have been living in Austin for over 3 years now (obviously love it) and I've been in commercial real estate working as a tenant-rep broker focused on retail properties for the past year.

I have researched for the past 2 years and I believe this will be the last piece of the puzzle before I dive in at the age of 24 years old!

Setup time to speak to a few of them to learn more about their model and get a feel for how they answer your questions, how they treat you during the call.Be prepared to share your net worth, income, and investment history with them if you want move forward.For the ones you like (after speaking with them), maybe have them send you example investor communications on prior deals so you can see how they communicate to keep investors informed.Once you've narrowed it down you'll want to further evaluate the sponsor Track record, references, etc.Have them present a past deal in detail to try to understand their assumptions, are they conservative, etc.You can use the BP Tenant Screening tool to get criminal and credit history.

Any thoughts you might have from past experience - Good or Bad. 

I had thought since she had lived there over 2 years of the past 5 years we would not be hit with the Capital Gains tax. 

A trap I see for many is starting with education and never moving past that.

I just pasted my North Carolina real estate exams and have received my license. 

I guess it must have worked for them in the past, but the conversation got ridiculous, where I found myself assuring them that I understood that they would never get rid of their cat, but that I don't allow cats.