The median four person household in Austin pulls in $86,000 annually.

I’m not sure what your state law allows but unless there’s some specific provision written into a lease of that length providing for rent increases it would probably actually limit the landlord’s ability to make an annual (or other periodic) rent increase.  

In the Chicago area, 30k can mean a fairly substantial difference in annual tax bill (to the tune of 2k per year in some neighborhoods).

My annual salary is 39k and my DTI ratio is low 30’s.

The sewer/trash invoice will come together, so I am not sure if you are also planning on charging back sewer as well, but it may be easier on your side to factor that $33 in to the rent, instead of making it a separate concern for the potential tenants.You mentioned interest has been okay, so if your numbers work by removing that separate fee ($400 annually), it may alleviate tenant concerns and get you someone in quicker. 

Low annual fee, great sign up bonus and benefits such as 2x points on travel and dining. 

Average annual COC is 9%. 

@Scott Wolf The agent said the seller wasn’t ready to go that low so I refrained from writing it up.

For some investors, a 4% annualized return is great and so they can pay much higher prices for buildings.

Basically the same annual premium (within $20/yr).