Somewhere you are somewhat familiar with that interest you, and 3. a strong market you are interested in.

I’d say that at any point in the market cycle but with a little more emphasis now as we may see the market change while you’re settling in on your first purchase.

It is a market held very strongly by the "old school" group on investors who are not welcoming to new persons entering without a local JV person, especially out of state persons.

So my question is, is there a strong rental market all over Austin?

I strongly disagree with his view on home ownership. 

As mentioned previously, if you have a strong deal, you should always be able to find the money to fund it.

Along the same lines, I have a strong grasp of what my budget will be on an apartment complex.

We feel strongly about this, its part of our criteria.

They have strong partnerships which streamlined a lot, so the mortgage company, construction company and process in general has all been smooth and investment minded.

There is always the chance that they start to gain more control over your property than you have, but that's besides the point.We are still in a very strong seller's market right now, or demand is far exceeding supply.