I believes that well-planned real estate investments can open the door to financial freedom and generational wealth.Welcome!

Well done. 

Big Banks like Wells Fargo, BOA, Citi, US Bank, and Chase utilize lending programs aimed to service large swaths of depositors.

I usually provide our budget as well with totals spent. 

As I see it, the only ways that real estate pays you well in the first 3-5 years is low to no leverage or a strategy that requires more work (short term rental, mid term rental, rent by the room, etc.).  

Austin's real estate market is challenging but rewarding, and you're well on your way to success.

We want to get a few rentals up and running and then (if all works well) begin bringing other friends/investors in to invest with us.

Well, STR can work well for people who own a vacation house for personal use, and just want to generate some extra income when not in use.  

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

It gives you a total livability score as well. https://www.areavibes.com/