I'm glad to see you're not being unrealistic with your expectations, as some people try shooting for 2%.  

I know it may sound like an unrealistic dream or no more than a whim, but i honestly believe anything is possible for me if i work hard enough.

Since supply has diminished it would be appropriate to look at commercial loan applicants unrealistic demands with concern about the wherewithal of the applicant lodging the complaint. 

I've been looking at single family home prices and rental prices in Austin TX and its suburban areas, and it feels like it's extremely unrealistic to find something that passes the 2% rule.

10% seems unrealistic and puts you in aggressive risk taker category.

Hi Chad:  You should be aware that a budget of $37,500.00 for a full gut rehab including all wiring plumbing and systems is completely unrealistic.

If you decide to go the turn key route, here are things to look for in the turn key company and what to avoid: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors Require you to close before a tenant is in placeI've been active in Indy for nearly 10 years and know the market well.

I know that no one will ever do deals like I do personally or manage my properties how I self manage the few that I still do but is my anger for these situations unrealistic.

@Kazumi Boyd it’s not a bad time to buy per se, but in high cost locations you have unrealistic sellers that truly make it an affordability issue.

Here's a map showing where these rentals are allowed: Vacation Rentals Allowed MapHomestay Rental - Lastly, there is the option of a "Homestay Rental," but these are unrealistic for most investors.