I think a lot of people get caught up in exactly what lenders will require in terms of liquidity and net worth numbers when underwriting the Borrower.

Don't get me wrong; There are plenty of knowledgable good-hearted folks in here, but what's acceptable to you in terms of living standards and the tradeoffs you may have to make can only be determined by you.

I hope my experience will help you decide which way to go in terms of plunging into the crazy Austin market.Good luck!

Due to the fact that I am not yet ready to buy, loan officers do not seem too ambitious to give me much in terms of hypothetical questions.

You will certainly get a more accurate comp from an agent as we have MLS data to work from. there are many things not on zillow or trulia that can skew a property if not properly adjusted, in terms of leaving appliances, the car in the garage, non-arms length transactions and many more. 

I had no idea about what I was doing in terms of landlording, but the numbers made sense as I was getting cash flow from the first month.

I can't offer much in terms of shared knowledge (yet), but I can offer my services as a copywriter should anyone need some writing done. 

No two properties are alike in terms of cost to operate.

Basically the owner is moving on to bigger properties and this has become a pain in the neck for her to manage, not in terms of % yield, but absolute $ value x time it takes for her to manage.Here are the pros:-what stands between the property and the lake is a township-managed lot --> the property is basically lakefront, but without the high taxes associated with it.

In terms of lease, you can use the NC Realtor lease, which is widely used in NC.