When can we expect the market to favor the buyers?

I know some of you will probably tell me to offer on both properties, but....which one would you favor?

One thing you'll want to remember is that the rules when you convert a rental into a primary and especially when you do a 1031 and then convert that from rental into primary after satisfying intent  are not as favorable as just buying a primary and living in it 2/5. 

Also look at states that have favorable landlord/tenant laws and reasonable property taxes. 

Would you lower your offer to get more favorable financial stats?

Do yourself a favor and calculate an actual budget for the property, don’t use a simple percentage-based system. 

For a situation with 5 related partners who are inexperienced in real estate - I don't see the odds being in favor of that winding up as a smashing success.

With the appreciation Austin is seeing, there is an opportunity to execute the BRRRR strategy and refinance into a favorable LTV.It is worth noting that during the rent phase cash flowing is difficult here.

So rather than fight the local market we do deals across the US, in markets that are more favorable for investors/buyers:  declining sales and increasing inventory; price reductions and extended days on the market. 

Although, maybe a contractor I know would do me a favor.