I also don't plan to work a w2 job forever as we want to start our family soon, which will decrease our income.

There has also been a decrease in lumber prices which should help builders mitigate cost pressures.Now is the time to build and look for full guts that need everything done.

Benefits of Having Tenants Under Lease Options Decreased Vacancy Expenses.

The others are industry accepted standards and should not be decreased.  

Rent would most likely decrease to about $1700, but I would be getting a very good deal on a 3/2, better than anywhere else I would be willing to live by a large margin.I'm keeping vacancy rates very conservative despite the fact that I will be occupying one of the units and not factoring any money going into the house immediately as it is move in ready and some major repairs are being made (new roof and siding) price to the sale.I realize that seems like a lot of justification, and it might be a little, but the sheer prices of rental units down here, decent ones, is unlike anything I have seen.

, etc)Personally, I prefer SFRs to condos because they align themselves better with families of renters, and families with small children are more likely to renew rather than move each year (which decreases turnover expenses)I regularly find long term buy and hold SFRs for myself and my clients in Georgetown, Liberty Hill, Round Rock, etc. 

In areas where the bedroom sizes decreased it benefited landlords somewhat, because tenants in properties were grandfathered until they moved.  

Sure there could eventually be a decrease in home prices if rates increase, but that will certainly be felt stronger in expensive markets - much less so for reasonable markets.

Las Vegas has done great with water conservation, decreasing water usage even with a growing population.

Either way, cash flow decreases.