Single family house,
3 bedrooms + bonus room (for game, home office) or 4 bedrooms, Austinites use to big house
7-10 years in age, since we're in 2017, should be built in 2007-2010, to minimize maintenance,
$250k-$350k, too cheap-bad tenants, too expensive hard to get tenants,
Walking distance to schools (ideally less than 0.7 miles to elementary school), rent out fast,
1600-2000 for single story, 2300-3500 for double story, Austinites use to big house
In general, no need to include fridge/ washer/ dryer,
Near amenities is almost a must so master-planned communities with HOA is better.
All my rentals are in NW Austin/ Pflugerville as I am targeting techies and those working in The Domain/ Gateway/ Arboretum. If targeting UT/Musicians/startup technies, then should be in South and SW Austin.
Ratio of property tax vs property management vs maintenance = 9:2:1