We're going after higher-end ish fixes and rents when we start hitting Austin. 

I love New England and I’m from the Cary/raleigh area of NC so those are my top locations.

Location, location, location. 

Is this for a primary purchase or build to rent/sell?

The roof needs replacing, and both require floor and appliance updating to get market rent. 

I'm very new to investing and weighing which options would benefit me the most.Option 1:  Use the cash as down payment on another primary residence and rent out the current.

Are you looking to live in one unit and rent the others? 

Frank, For a rookie investor with low capital looking to build a rental portfolio, the best strategy is house hacking: buy a small multi-family home with a low down payment (FHA or conventional loan), live in one unit, and rent the others to cover your mortgage.

Over 4k in damages, utilities, past due rent, court fees, tons of trash, holes in walls, pee everywhere, etc. 

The most successful investors systemize and delegate.How to Let Go (Without Losing Control)🔹 Automate – Use rent collection software, project management tools, and automated messaging for tenants.🔹 Delegate – If you’re spending hours on tasks that someone else can do for $20 an hour, it’s time to outsource.