Diversifying your portfolio could reduce risk and improve overall returns.Higher Cash Flow Potential: If you redeploy the equity into markets with higher cash-on-cash returns, you could significantly increase your monthly cash flow.

Thank youBest,SathishkumarI would potentially try starting out being a cohost in that local area or work for a cohost company .

Starting your real estate journey with a house hack in Austin is a smart move, especially with its strong rental demand and appreciation potential.

If I put myself in the shoes of the outside partner/investor friend, I would be very concerned because: 1) unclear and/or potentially conflicting business plan, 2) even with clarity in the BRRRR business plan, unclear in the viability of pulling it off with these market conditions, 3) the chances of dispute seems very high, especially if you're going to live in. 4 years ago, I went through a  similar thought process when purchasing an investing property with mainly my family money, while considering an outside investor to rehab for higher STR ROI... 

Before purchasing a rental property carefully evaluate the appreciation potential.

Looking at refurbished houses in the area, potential value of the house could be $130-140k range.

The opportunity cost of losing potential market gains in your retirement fund should also be considered.

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!

The Midwest offers good cash flow potential, and Cincinnati stands out for its diverse economy and solid quality of life in an affordable market.I just wanted to share my experience to show that turnkey deals are still possible.

If you need some connections, I run the most active group of small landlords in the city and have a network of connections that you could potentially leverage.