It's inspiring that a young dentist is willing to also work a part-time "side-hustle" job of REI to improve your chance of financial freedom earlier. 1) You could just concentrate on growing the best dental practice possible....live frugally, save a little, take what comes.2) You could add a hobby of trying to invest smartly in stocks, bonds mutual funds to try and grow your wealth faster (without sacrificing your dental practice)3) You could buy a couple rentals and try a relatively passive REI that beats #2, but doesn't detract from your main dental practice4) You could get even more involved and hands on in REI, to really try and beat #2 and #3 with higher IRR% REI.....but how much of this "hands on" can you handle part time before it becomes relatively passive long term rental.

Banks will have a concentration of loans issue not only by the amount but also with any one borrower exceed ten per cent of their portfolio, I doubt you'll get that big knowing there are some large banks in Austin.

An extra point or two in interest, another 5% down, not financing the completion or impact fees... all those things will dramatically affect your cash on cash returns which is the metric I concentrate on most.My only other question is why are you paying fair market value?

We would email and text back and forth and they would always say they would get right on with whatever the task is we were/are concentrating on accomplishing and then I feel no action would be done on their part.

I would concentrate on Absentee Owners, Tired Landlords, etc.Good Investing...

I explained that my goal was to acquire 1 property a year (through loans) for the next 5 years while I still had a W-2 to help prepare for retirement.After he put together our fin plan, he advised me that I should hold off on these properties and instead concentrate on putting more money into my 401K (currently only putting 5%, no employer match) and to pay down the existing loans for two of my other properties.

I’m leaning toward multi-family residential properties, as I like the idea of having my investments somewhat more concentrated to take advantage of synergies.

Concentrate on being the "contractor" partner and having rights to workmen's liens which can force sales.

Having kids around will never be a positive...you can avoid it being a negative, but at least for me, with my kids around (3, 5 and 7) I wouldn't be able to concentrate on the deal and they would definitely be a distraction to the seller. 

I have been told to concentrate on the buyers side because we have inventory.