It's pretty safe to say Austin is the most expensive metroplex in Texas - and just about anyone would agree with that.Yes, I would a agree that Austin is the most expensive metro in Texas; proper data can be misleading, but it never lies.

What irks me is the reassurance that they would close the loan, they emailed Lima One asking for payoff, then lying about why they denied the loan.I contacted a different lender and I explained what had happened. 

Our concerns now lie with the tenets, I think the multi families you are going to find are going to have some tougher tenets in them, our 8 units are coming with 3 vacancies and 2 tenets that we may look to evict but hopefully that won't have to be the case.

@Willie AndrewsWhen new to real estate we sometimes get a little confused as to where the opportunities lie.

You expect your tenants to be honest with you, so why would you lie to them?

Branch lines may not need to be replaced if the belly is only in the main trunk line.The decision to replace or not lies with your comfort level, but experience (or Murphy's law) tells me that the issue will typically show at the worst possible times (i.e Thanksgiving, Christmas Eve, or a big party).

It is a federal crime (criminal) to lie on a 1003.

Always, always, always run your own credit/criminal background.Lesson #2: when someone attempts to manipulate you or lie to you, terminate the application immediately.Lesson #3: You can always cancel as long as there's no written agreement. 

So here lies the question... my goal is to scale my business while preserving as much of my own capital as possible... 

You still cannot hold them to the lease and then if they are lying the landlord now has a dispute that has to be settled and with the probability of going to court and very little chance of coming out ahead.