They pay the sub by check , the sub deposits the check , pulls out cash and pays his guys in cash .

If you're open to expanding your search, I also recommend checking Columbus OH - lots of deals that still bring positive cash flow and great appreciation potential.

I went all in, I had a few 401K’s so I cashed in the one that was growing the slowest and took the penalty and purchased my first property.

@Marc Shin, Soundproofing is definitely something worth tackling for a short-term rental—it’ll keep your guests happy and help you avoid complaints.

At those price points I'm assuming this is a more cash flow area like the rust belt, or other mid west geography.

It will be very difficult to cash flow in Austin using traditional LTR methods unless you put down a huge down payment.

The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.

I do not have to much cash for a down payment but was thinking of doing a HELOC on one of the rentals to get more cash and go the BRRRR method.

@Samuel Coronado - cash flow on new builds here right now is fairly non-existant without putting more than 20% down. 

That being said my residential rental will have a positive cash flow of $500 and I plan to rent out this other side of the duplex immediately and will have a balance of 600 to cover for the mortgage.