I live in Florida now, I wish Austin had a beach :)Reduce Cap Gains: The only option you really have if you already sold the propertyis invest or create your own Opportunity Zone LLC.See the Austin Map for the areas you can invest in while paying no cap gains :)Full map here: https://esrimedia.maps.arcgis.com/apps/View/index....

Let's just say they walked with $90k in their pockets if they sold... how much of that were they planning on using for a down payment in NY?

Quite frankly, it's possibly a good time to buy.I would only get worried about the market if we see a significant change in multiple data points, including days on market, list price to sold price ratio, number of new pending sales, number of new active sales, etc.  

For those of you who get lists from public sources, free or paid, they obviously are bloated with non qualifying leads that need to be trimmed like banks, LLC's, recently sold, etc.Beyond this I'm not 100% sure what I should be keeping on the list and what I should be eliminating.What are some traits you guys look for when filtering you lead lists?

. - 6.79% is the proforma cap rate based off the fact that when rents are stabilized and vacancies filled, (based off performance) the properties would be valued at 1.2 mil if sold at a 8% cap rate.

Seller financing is an awesome tool and I have a vacant lot using seller financing right now. 

I have a background in finance and my full time job is in insurance, but have always been interested in using real estate as a wealth building and passive income tool. 

I've been soaking up information for several months now trying to arm myself with the tools I'll need in order to start finding great deals and making a steady flow of passive income.

I sold 3 rental houses over the last 11 months.

Sure there are great tools available like the ones here on BP, but with any analytical tool:garbage in = garbage out.Most inputs are easy to figure out with some leg work on stabilized properties.