I'm new to BP and trying to build a team as I dive into more frequent and long-term profitable REI.I've been doing SFH rentals over the last 15-18 years, but it's all been very traditionally financed (ho hum, 30 yr fixed) and as such has limited my ability to invest more frequently, and grow a portfolio.I'm here to learn how to use more creative financing strategies (private money lending, Sub-to, seller financing) to acquire 2-3 units (duplexes, tri) and 5+ multifamily properties. 

So even if you are allowed to rent out as STR today, the HOA could change that and impact your ability to rent as STR.  

I saw the income potential in a college town and ability to add value.

Furthermore, these start ups are usually VC funded, and the demands of their investors is that they scale up quickly, which runs counter to the ability to master even one local market well, as I detailed above. 

With interest rates on the rise, how has it impacted your ability to sell properties in Texas?

And, importantly, fear around my ability to confidently show the Seller that the deal I am proposing is one that CAN help solve their challenge or problem (once I find out what that is!). 

Essentially, there must be a paid parking footprint in the area already.The ideal asset would cashflow from day one with the ability to add value via technology, operations improvements, and/or NN lease addition (or renegotiation). 

Lenders will want to see your ability to manage the mortgage and any other expenses related to the rental.3.

So your 5-plex will help you with your ability to get into commercial real estate.

Quote from @Masyn Grant Barney: Utah had a bill passed (SB240) with limited funding (it has been plenty so far) that gives $20k to first time home buyers in a form of a 0% loan that is paid back on refinance or sale.