It doesn't waste my time that's why I offer a co-brokeI don't blame the agent I feel for her & don't want to bust her chops b/c some knucklehead has told her he's a big time investor and now he's running her ragged until she realises he's a bum & he finds some other poor agent to abuse. 

I didn't even realise zero percent down would be possible (at least without an exorbitant interest rate).

We had to re-lease a property in Kyle in the middle of the "good season" and in order to get it rented fast, we actually had to lower the rent from previous tenant by $50 due to the many competing active properties on the market and the fact that many had very lax leasing standards.I actually believe that we'll see a death spiral once the multiple OOS owners who bought rentals all around Austin in the hopes of major appreciation, without much due diligence, nor proper calculation of the cash flow will realise that their investition that was supposed to bring them few thousands dollars in the pocket in cash flow in reality it costs them several thousands every year and increasing, they will rush to cash out the appreciation and step on each other on the way to exists.

When you later sell it, you will pay capital gains on any appreciation realised since you converted it to a rental.  

Take everything one step at a time and as you learn and grow you will realise that your steps will naturally become bigger.

Most 5-year fixed rate mortgages are going to run from Prime -0.1 to Prime +0.5, so we are typically doing 0.5 to 1% better than a fixed mortgage.Our typical strategy is to place a mortgage with a variable rate note (5-yr term), but set our payments higher (either at the Bank of Canada or lender's posted rate for a 5-yr fixed-rate mortgage) and effectively hedge the interest rate ourselves rather than paying the lender to do it.I do realise that ARMS are a comparatively small portion of the residential mortgage market in the U.S.A. - which may go to explain why I have yet to find a residential ARM product that is as flexible or competitive as as our variable rate mortgages.  

Now at 38 I realise its time to get serious.

The reality regarding appreciation for both Danny's property and my properties is that we have realised a identical return on appreciation.....Zero.

To be successful as a investor you need to adjust your thinking and realise the true value of cash.

Before I started to research Real Estate Investing, I had already managed to creatively buy our first home and then effectively house hack without realising this was a form of Real Estate Investing.