Our credit score stands in the low 700s.

Does the income cover your expenses and generate a positive return on investment?

We had a handful throughout the 2000s and payoffs were maybe low of 150k is up to 500k.

It will be hard to find that type of free cashflow after all expenses in Austin but I would bet you'll see higher than average appreciation.

In other good news, your interest expense will go down every year and hopefully your rent will go up every year.

A lot of investor just sit on land because nothing is available or it's just too expensive to get at that time.

If you have a low DTI, sometimes lenders will just add points to your quote to make the rate look more attractive and hope that you don't notice the buy down. 

@Kory SantaellaIf these have mortgages you don't need them in an LLC.A LLC can also give you a false sense of security.You may be subject to due on sale clause on your low interest rate loans.

Based on comps and speaking with realtors we figure I can sell my home and after paying off my mortgage and selling expenses I could net approx 750-900k, depending upon the sale price of course.

If and when I assume the loan, I can rent it out for about $2200, which will generate about $835, no HOA and of course I will save some of that for maintenance/repairs and other expenses.