Now, this would obviously be negatively cash flowing since you would need to pay taxes and insurance.

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

Quote from @Carson Hyland: Even if you buy the right property, failing to manage it well will kill your cash flow. 

I wouldn't have any interest in buying something like this to hold since it would be so far negative cash flow wise on a monthly basis.

Apparently they take preferred interest in your company or have you sign a UCC cash flow agreement.

This property also launched my short-term rental journey, running our first Airbnb before transitioning it to a steady cash-flowing rental, allowing us to scale into bigger projects.

Are you cash flowing the property?

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

You are correct that putting 3.5% down on a fourplex likely won't cash flow after one year.

>The likely rent I'd get in this area will cover half my mortgage payments at the momentI have done all of my brrrr in different market and I have the same issue that after a refi to extract the value add, my high LTV property at current rates is large cash flow negative (not as large as only covering 50% of the mortgage).