Sad reality is I'll probably own a few rentals before ever moving out.

AND it's recommended to layer in longer term monthly type of payments, like rentals.

I did market analysis to find the right rental rate.

Ideally, I would like to have 5, 10, maybe even 15 joint venture rental properties.

Make sure to factor in insurance (slight change as rental), property tax (in our market is 2x a primary res), vacancy (3-5% in most markets), capex (old roof?)

I’m considering offering the seller 85K, the realtor 12k and then put in around 35K to get both up and down units rent ready(might be able to do it cheaper, especially since it’s likely a rental).

Investors should:✔ Monitor Blackstone’s acquisitions – Are they buying more apartment buildings, warehouses, or single-family rentals?

As you're just starting out in Austin, focus on learning the local market, particularly areas with good rental demand and lower entry prices.

Our rentals are on a Month-to-Month basis. 

Hey Daniel,With that $500K HELOC, you’re in a great position to leverage it for a multifamily property, especially if you can find a deal where the rental income covers your debt payments and builds equity over time.