Learn the basics of what a good deal looks like and how to find them.

Some how if their is an accident in that tub , kiss it all good bye .  

Good luck brother keep me up to date with your journey!

The buyer would need to show solid financials also of course (good credit, experience operating rentals, proof of funds for down payment and adequate reserves to cover any unexpected cap ex).

Would have been a good title for a forum thread for people looking to do direct exchanges.

Buy and hold it is good.  

The only good use I can see of the fees are based on rent charged would be for a tenant to purchase it and charge themselves $0 or near $0 rent to avoid the rent based charges. 

They wanted upgrades to electrical panel that was upgraded in 2009 to current code  (arc fault breakers) they said they would walk , I said good bye . 

I used to think all realtors were more or less the same as well :)Of course there's good and bad and shades in between.  

So, when asking is Austin still a good place to invest, maybe one should add: relative to what other location.