It has been a strong sellers market for the last 12-18 months, but that may change with covid now.The two issues you need to be aware of are :1) Finding a good cleaning company is tough.

I strongly suspect the market will stabilize and continue to grow once the crisis has passed in the coming months. 

I am strongly leaning towards my final and best being exactly the same as my original offer with the addition of an escalation clause where escalation is dependent on verified offers. 

And if you put a conventional loan on the project and don't refi out that 401K loan, then you need very strong cashflow on the property to get it paid back quickly (hence why I like the BRRRR strategy better).If it were me, I would be saving like mad for the next 60+ days, studying my markets, building my teams (especially lending), getting solid deal flow going in that area so I could choose my projects.

Little did I know Austin is one of the fastest growing cities in America with strong appreciation over the last 10 years. 

Unless you have a strong track record and existing relationship, I'd look to other options.

I would strongly recommend you obtain a title commitment, not a title search or title report, before bidding on the property. 

Because my concern on this is losing equity if housing market tanks.Do a strong comparable analysis when you buy. 

Without a strong tourist season, it could kill them off.

I live in Dickinson and I would say the rental market in western ND is still fairly strong depending on how far away you are from a larger town.