Unless maybe you have an option on the purchase of the real estate or something.

That also plays a major role in what to do. end of day stocks and real estate over time provide the same return on average - so it is really based on the individual, their experience and desire Thank you. 

I'm based in WI and there are several people from NY investing here, some successful and some not---the common thread I see from the ones that are not is that they relied on someone else for information instead of investigating, VERIFYING and doing their own due diligence. 

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.  

@Eric L ConryI would base it on your cash flow NEEDS, not wants.

It looks like you are doing an affordable build based on the cost but hard to say since you didnt provide info on the build itself such as square footage and finishes.

I’m not sure what is the best option here, if anyone could shed some wisdom that would be immensely appreciated. 

The modeling of this is actually pretty easy (see link: 42-unit proforma sample), but my model treats the pre-refi loan as I/O, but that can be updated based on your deal.

What was the quality like compared to local options?

But they are more stable because their share price is based on quarterly asset valuation which is not going to drop 40-50% in one month as the others did in March'20.