Even with an FHA loan, the mortgage on a property there would be pretty high, and it might not be the best investment right now.

Single family homes are exempt from rent control everywhere in the state.  

@Wells H. you need to invest in the right City of Detroit Neighborhoods!

Foreign investment? 

Upon closing my single family construction my home had about 25% in equity on day one(in 2018 in Tennessee). 

I know a few more people who's purchasing with him, from what I hear, every single closing was delayed due to supply shortages or other reason. 

The Exchange Accommodation Titleholder ("EAT"), often a sister company to the qualified intermediary, will form a single-member limited liability company and disregarded entity or ("SMLLC") to serve as the lessee.

I wouldn't suggest you buy a single-family home to live in because the additional cost outweighs the benefits.

There are pros and cons to every type of investing.

However, if you have money and are looking to buy investment property there are many, many better places to invest than Austin.