So hard in fact that you want to quit.I personally recommend that anyone who is having a tough time in the 1st year or so  quit.  

That is a tough question...If you sell you'll have to pay all those closing costs including Realtor fees and seller concessions.If you do sell and can acquire two new properties they probably won't cash flow nearly as well.

My equity and cash flow today is directly correlated to the people that I've leveraged in Indy, the only thing I brought to the table was trust and grit to get through the tough times.I'd suggest you do it the way I did it (since you're a seasoned investor), start from ground up, learn the ropes in that market and don't do the turnkey route.

I have also been getting all of my finances in order in preparation for my first deal.Austin is challenging due to the fact that it is a great rental market, but it is also a super hot seller's market...tough to get into SFH's at a price point that will cash flow. 

Renters are tough on property, in general.  

I see why I need to stop working for landlords and become one.Daily workers I work for a landlord(when his cheap contractors can't fix it) that has one of those he does great fast work for $175/day. 

I realize LA is a very competitive market, but I love to persevere in tough environments and I look forward to the challenge!

I have been mostly doing flips recently because the cash flow opportunities  here are pretty tough.

A former co worker and I are looking to invest together.

That is going to support a ton of small business, retail, and restaurant/bars. (2k new units equal ~3k more people, average restaurant/bar can serve 200 people at a time if that)  These neighborhoods right outside of that area will first turn into the places young hourly wage workers turn to live close to work at reasonable rents and short commutes.