Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

A quick look at Craigslist in Austin shows 4400+ listings by owner.

Current owner says there weren't impacted the last time it shutdown.

As first-time landlords, we considered self-management, but as new parents who work full-time, we decided that hiring a property manager would be the best option for long-term rentals.3.

After seeing my brother's success with flix and flip in the bay area over the last 4 years, I decided to explore the same in New York.

Pull the vacant properties in your area and call the owners.  

Will rent for 1750/month.Capex items needed soon: roof, water heater, furnaceArea: A area, appreciation is at about 5% a year but average home price is ~$500K so this home will appreciate faster, this will have multiple offers on itDeal #2 - mixed use, small office with a 3 bedroom and a 1 bedroom over it.Ask: 325KCurrently fully rented on one year leases, bringing in 4775/month but only one tenant pays their own utilities plus owner is responsible for snow removal and landscaping. 

Or 30-40% and they split the cleaning fee revenue with owners.

If I remember correctly, there is a provision for properties with Fannie and Freddie loans to be moved to single-member LLCs after 12 months of seasoning if the only member of the LLC is the owner/borrower on the loan. 

As far as your next property, if you are already considering moving you will get better loan options + interest rates if you decide to live in the next property and rent out your current house.