Looking for long term investment properties in Austin

[Shwetha Pindikuri]

As a newbie passive real-estate investor currently living in Austin, TX. I am looking to buy a fairly new constructed investment property in and around Austin metro area. While evaluating potential investment properties these past few weeks, I have realized that the average rent in Austin is comparatively lower and due to high interest rates and property tax, the outcome is mostly negative cash flow.  Although my long term goal is appreciation in the value of the property, I am looking for an investment that either breaks even or has a positive cash flow in the short term. Here are some of the options I have been brainstorming

1. Is it better to buy a primary house with 5% down and stay for 2 years after which I can rent out (hoping rents increase by then) if not I can sell it and be and be exempt from taxes on capital gains.

2. BEAF(Break even appreciation focused)  properties

3. Look into other markets( San Antonio/ Houston/Dallas)

Any suggestions are greatly appreciated!