Im self employed, roughly make $130k gross anually, 1099 NEC , no debt at all, 740 credit score. 

Now the tricky part is creating your underwriting standards and system.

Again, large commitment of time, patience, and ability needed.The amateur of “semi pro” investor should realize that the professional investors (such as myself) spend ALL DAY EVERY DAY doing the above.  

I will keep posting the status on this thread from time to time. 

Hii I am a first time investor trying to understand if Austin is a good market to buy a SFH and rent.

We're starting to see more HELOCs and 2nd mortgages on investment properties nowadays.We deal with pretty much only real estate, investors and self-employed borrowers.send me a direct message and I'll get you a little bit more information.

Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

Being a part-time flipper myself, I would want to know:What is their true deal flow?

Less oversupply with that product type and more renters that were renting the more expensive bigger cabins are choosing the lesser ones because they love the area but don't want to spend as much on rent.We've talked with several long time investors out there and there isn't a one that have held on to their cabins over time that aren't still adding more. 

For house flipping, consider an LLC taxed as an S-Corp to reduce self-employment taxes by taking a reasonable salary and the rest as distributions.