For my market and personal situation- if I can create around 15% equity or more and the property is cash flow neutral or better, I'm probably going to take a run at it. 

Option 2) Find a co-borrower who has cash and is willing to pay cash and you do the work.

I’ve found it to be a lot more beneficial in terms of cash flow and risk management, and it’s given me the freedom to step back from day-to-day operations while still building wealth.

I'm in an expensive market, and know that I will likely have to look out of state to make cash flow as a beginner. 

They ask for a Zelle or Cash App payment so they can steal your money.

Totally agree, it’s rare to find a true BRRRR that hits all the marks anymore.

I have 33 rentals producing enough cash flow to support me the rest of my life, but I enjoy my work and continue working.

True.

Investing in Austin currently is not for the cash-strapped.

That is, we tend to use very current information to make long-term decisions, assuming that everything today will also be true tomorrow and the day after.