Alabaster schools will probably overtake Hoover's, especially with the dramatic decline in sales taxes in Hoover due to the Galleria's declining sales. 

It really depends how much of a discount I can get on another deal, 5-10% probably not worth it, if we start seeing 15-20% declines I’ll probably trade up. 

I also live in Austin right now, and this city seems to expensive for me to house-hqck or buy my first rental property.Thank you to everyone who contributed.I am a commercial investor but if I were investing in SFR, I would invest in markets that have experienced a 10-20% decline in prices since the peak and your home market is one of those. 

If you don't mind ghettos and cheap properties in declining areas, your supposed cash flow may look great but your risk is tremendous.

I’m with you I’m not knowing what’s causing the inventory unless it’s just people getting out of the game locally because population has been declining for decades.

There must be a lot of money in the business because I am always amazed about how much money he spend on the motel and he tore down a separate house he lived in on the property and build a mansion.As for someone investing who has no experience, I think someone who invests in a hotel or motel should understand that it is a 24-hour business that requires 100% around-the-clock employees willing to work during every major holiday even during the worst weather conditions, storms, or through whatever crises and current events are happening.The business requires several different shifts of workers for the front desk, several shifts of room-cleaning workers since many hotels and motels have guests coming and going 24/7 and they want to re-rent rooms asap, constant room maintenance for plumbing, heating and cooling and the guests come in all shapes and sizes with all sorts of inherent problems when it comes to the things they do both on the property, in the rooms, on the bed linens and then add the dealing with drug addicts, potential prostitution, potential sex-trafficking, potential sexual abuse in general and abuse of a minor, damage to the property, out-of-control parties, lovers having fights on the property and in the rooms, damage and theft to the linens, damage to bedspreads, and damage to the flooring.Since I am a plumbing contractor, many motels and hotels call my company to remove drug addicts' heroin needles stuck in toilet bowls.Before making an investment into a hotel or motel an investor needs to take a serious long amount of time to look at the books to see whether or not business in the area is declining, but since the hotel and motel business is one of the greatest   cash businesses' in this country you can bet that many sellers will make you well-aware that the 'real' income cannot be verified.I did a lot of research for the past 20+ years, looked at more than 100 hotels and motels for sale and declined to purchase most of them due to the decline in sales in most areas they were located in.

Think of Bitcoin and other Crypto crashing to $0, stock market declining 20%+, Tesla filing for bankruptcy, eviction and foreclosure moratorium expiring, oil at $150/barrel, Fed raising rates to combat hyperinflation, interest rates on 10 year treasuries going to 3%+, China invading Taiwan, and more civil unrest in USA all happen before the end of the year....Austin market and every other real estate market will plummet quick. 

Some markets are declining in rental and property values and the last thing you want to do is be 100% leveraged and foreclosed on.

The underwriter has declined the loan.

Builders are even constructing rental SFH subdivisions to get into the rental market business; they've learned that having an income stream in a market with year-over-year rent increases is something that can help keep them afloat during economic decline.