Sincerely, Delshaun Holtzclaw"Just a musician with a dream"

Once you do that (and make sure you write them down on paper) then the next step is to work backwards from those goals and figure out what budget, property types, locations and purchase/resale/rental strategies will enable you to achieve them. 

I guess if I did buy it, it's not like I'm enabling him.  

I am confident I could find a job pretty quick however not as great of a setup with paid housing and everything that enables me to attack debt and save money.

I'm a musician myself and I think lots of us don't take into consideration that we won't be able to rip and run forever!

Without inflation adjustments, and dividend reinvestment enabled, the annual S&P 500 return from 1995 to 2015 has been about 8.6%, so, in this very specific, simplistic, model, it seems to come out better.Naturally there's way more factors that play in - love to see folks poke holes in this and tell me where I went wrong, and what guesses/assumptions I missed calling out!

It is my hope that the extra income from renting a room on my side might enable me to purchase in this market.Is this feasible in Austin/surrounding areas or should I rent until the market levels out?

Such benefit would be enabling a party to the transaction to engage in an investment that it could not without access to the other party's funds.  

We offer what's known as a blanket loan that enables you to put multiple properties into one loan.

I am in the DC area, so its tough right now due to values, so I am focusing on properties in the Southeast in a handful of select secondary markets.The biggest issue is that I do not have people in place (the infamous "team") to enable working from a distance.