If you don't show your value by being consistent and engaged in the meetups, especially when you don't have demonstrable skill in profiting from real estate deals yet, you are behind the curve.

I hike challenging locations, race marathons, play lots of softball and golf. 

I'm in the process of engaging http://propertytaxprotest.com/ to help contest the assessment.

Please remember that for many people, if an asset isn't sold before 2 years prior to needing to engage Medicaid/Medicare for nursing homes that assets can be seized to handle these costs. 

The tenant base can be less ideal so there are challenges.  

This may be challenging to find contractors to do this, but if they are not willing to do this, consider passing on them.

The market is sizzling here and I'm having a challenging time finding opportunities that will pencil for me.

@Ben MillsI'll jump in since I develop in Austin.You are correct that one of your biggest challenges will be to find the lot.

A family of six hoping to rent a two bedroom apt, a mentally challenged woman with two small children trying to escape an abusive husband, and a young couple, maybe nineteen or twenty, who were looking for a place they could share with his parents who'd just had their trailer repossessed are some of the people who applied for my most recent vacancy.  

The challenges are:Condo association may not allow you to rent them or only allow for certain amount of time.Association fees eat into your cashflow and if they get raised or there is a special assessment there's nothing you can do.If there's a problem with the tenant and they break one of a hundred association rules, you're caught between them and the association.