They are in a hot area of Jacksonville and might have 5 available at a time, but all of the above they need to fix before I would ever recommend.

Go for bigger deals.  47 units will likely not support full time PM or maintenance. 

I'm a residential real estate agent in Austin TX and work with investors for single family through small multifamily as well as owner occupied.

Either market will take time to stabilize and have challenges to overcome, consider which one you can manage easier an balance that with your ROI. 

Ive heard many times that a millionaires wife is the reason they made it so far.

Time will tell.   

Less desirable and by no means luxurious but not dangerous, no intensive management needed, properties unlikely to appreciate much over time but very attractive from a cash flow perspective.

We had catastrophic floods here in 2013 and it took a long time, but we recovered. 

What's one piece of advice you would give to your 20 year old self about Real Estate?

Hi everyone,I'm new to real estate investing, focusing on commercial and mixed-use properties.