Seller is a good friend looking to retire that never took a deposit from them nor did he take care of the units.

We are finally at a point to where we are thinking about what to do with our money rather than just trying to get stable in life.

I asked why seller is selling, he said because he wants to retire, get out of the rat race. 

Overall, the Central Texas housing market is beginning to normalize to more stable market conditions.Here are the basic stats on single-family homes sales for February 2017 for the City of Austin and the Greater Austin Area:Below are excerpts of from the press release from the Austin Board of REALTORS®.The February 2017 Central Texas Housing Market Report....showed a slowdown in single-family home sales growth throughout the Austin Round Rock Metropolitan Statistical Area (MSA) in February 2017, indicating that the Central Texas housing market is beginning to normalize to more stable market conditions.From Brandy Guthrie, 2017 President of the Austin Board of REALTORS®:“The Central Texas housing market is just now beginning to catch up to itself after years of unprecedented sales growth.

The house also has 6 stables and a training pen.  

You can still tap into this as long as you have 2 years living there of the 5 years before sale and it's considered a primary residence.When I worked for the Navy at a Joint Base, I met a lot of military guys who used their accumulation of houses all over the country as their second retirement pension.

I am a semi retired engineer and my wife works full-time as a systems analyst for a large communications company.  

As long as the tenants pay the mortgage then hold it for 30 years and then count it as your retirement or sell it in a few years if the market keeps going up. 

My main area of focus is “buy and hold” and my goal is to acquire 2 more properties in 2017 and own 1 property free and clear in the next 3-5 years.I will have the opportunity to retire from my current job in 5 years. 

If your objective were to generate steady cash flow for retirement you would look at very different opportunities from someone who wanted to earn 3x their money in a year.