You can afford to pay a bit more if rates cool down.We need to also remember that BRRRR become a really hot topic in a low interest environment.

@Blake R.From my experience, land investing is a low-cost, flexible entry point but lacks the cash flow and quick appreciation of multifamily properties.

I am just worried this might be a mistake as it as a high cash flowing property and my mortgage rate is a low 3.125%.

I am in the low 800s and don't know of any tangible benefits to be at 800+.

@Chris Kay it's VERY difficult to cashflow with 0% down purchases.We do 0-10% down Land Contracts and know going in we may actually have negative cashflow - which is acceptable given the low down payment and avoiding mortgage costs.

Rates are pretty low, maybe $30-50/night.

You probably know this already, but you don't want to put yourself in a situation where you are struggling to keep the lights on in the event that you put all of your equity into this home and can't take any out. 

I have no doubt he'll transform this entire corridor in the coming decade so I'm also looking closely at Hornsby Bend, Del Valle, and anywhere in the general vicinity.These are my top two areas where you can find low entry price points relative to both current and anticipated market fundamentals.  

Rooftop has amazing views of the ocean and city lights.

Real estate is a very capital intensive industry and if you do not have the money the odds of success are very low - it is no different than starting any other business - how many people do you know are successful when they start with zero?