It started small, just helping to draft LOI's, running down property leads, making calls, but the important thing was just getting in and DOING it. 

It won't take much money to purchase something that makes sense.Use the remaining money to invest long-distance.

I ran into these gugys personally coming out of the GFC were money was really tough to raise..

I am assuming short-term rentals would be legal in the municipality.

.: Does anyone have any information about the short term rental market in Kyle Texas?

You can likely withdrawal more than 4% without having any concerns of running out of money.

You should look at AirDNA for information about short term rental in the area.

The key is making sure you’re comfortable with any short-term negative cash flow and have a solid plan for how that property will perform over time.We work with a lot of Bay Area investors who purchase in Boise for this exact reason.

I’ve run into this many times on deals I acquired and rehabbed utilizing hard money.  

In short consider the amount of hotels/STRs/major attractions near you.