Rookie BRRRR in Austin/SA TX area

[Tanner Woolley]

We're in the Austin TX area. Just moved here from Salt Lake. My wife and I just had our second child and bought our first family home. We've paid off my student loans after only two years and want to start generating some passive income! We've been interested in RE for a while now and are very interested in the BRRRR method as we don't have a lot of cash down right now due to paying off the loans and buying our home. We're thinking of out of state investments but that seems too tough for a first deal, so we're hoping to find a deal we can BRRRR in the Austin/San Antonio markets. Does anyone have any thoughts or recommendations? We would love to talk with investors, agents, or lenders in the area to get a feel!

Another thought I had... has anyone ever gotten a “second residence/vacation home” as an investment and don’t short term rentals with it? Only have a 10% down requirement and only need to stay there 10% of the time it’s rented.

Looking forward to connecting with people! Wife and I are excited.