If you go this route, make sure the numbers work after factoring in carrying costs. 

 @Kobe Carr I haven't seen prices take a significant drop.

Case in point, years ago we used Olympic paints from Lowes, which were carried for a long time.

STR in Georgetown is a gold-mine. 

I get the theory and like I said it works very well in the land business were owner carry and wraps are done all the time and you can buy millions of parcels for 2k to 50k all through the west and other areas like lehigh FLA were there are hundreds of thousands of vacant lots .

I would not eliminate OKÇ based on tornadoes, that is why you carry insurance.It will very difficult to find something in Austin that fits your budget.  

That may impact the amount you have listedYour most advantageous route for financing will be seller carry or finding a private lender.

I don't think there's any one platform that gets gold stars across the board. 

I know there are a lot of options, especially since they are family and willing to carry the loan. 

and we carry insurance to protect from those situations but unfortunately there are horror stories and tragedies that happen in medicine.