Regardless of what the growth is, that section of wall will need to removed.  

While it took us a lot of effort on the front end to get a bank to play ball, now they've funded over $500k of deals and will underwrite more and more as we grow.  The

The big plus for Austin is a booming economy and job growth.

It's not a bad market, but the latest ALN Data reflects occupancy and effective annual rent growth lagging the DFW and Houston markets, which are where I'm concentrating my investments.    

I also only account for utilities when the plexes are not metered separately, otherwise I assume that I will be able to put in the rental agreement that tenants pay for utilities.As a point of comparison, here is what I normally estimate:$100 Electricity, $100 Water and Sewer, $100 Insurance 5% vacancy, 7% Repairs and Maintenance, 7% CapEx, 10% Management Fees 2% Annual Income Growth, 2% PV Growth, 2% Annual Expense Growth, 9% Sales Expense$50 monthly mowing expense if it has a lawnI look forward to learning from you all and your experience!

@Ryan Pollack MF properties in Phoenix are higher priced due to demand, which is driven by market stability, large tenant pool, low vacancy rate, job prospects, and growth potential of all of the above. 

There has been incredible growth in these areas in the past 5 years.

Our real estate market is doing very well due to a long period of sustained population growth, and I would like to use this to capacity myself into being a small business owner.

When I analyze a market, the first thing I'm looking at is job growth.

I have yet to see a software developed that is focused on tenant retention/portfolio growth and want to see what is currently out there if it already exists.