Look at their marketing strategy.

The strategic location in a thriving market and the opportunity for a fast, profitable flip made it an attractive investment opportunity.

Austin market is out of my price range and looking at investing back in my home town (Single family/Multifamily).

Learn the basics of financials in RE, build a strong team on the ground, understand the ins and outs of RE and what market your in, understand how to actually flip the home and what strategy you are doing (Highly recommend the BRRR) as holding homes is where the money is made.REAL ESTATE IS NOT EASY!!!

I've spent the last year following the real estate market and learning more about it, finally feel ready to make the jump to invest (especially since the deals are coming out to light). 

Hey Jerrell, The answer is yes, we have done it several times with our off-market leads.

I would love to hear more about the midterm rental market in LA.

First and foremost- why not just get your rents up to market rates? 

The strategic location in a growing market and the opportunity to significantly increase the property's value through renovations made it an attractive investment.

I would first find a market that is showing signs of market growth.