LTR is more plausible but often HOA requires primary residence for a period of time before renting it.  

Inflation might go up 5% next year and be primary based on fuel prices spiking while housing prices might be dropping!

Thankfully if you are in texas, they cannot go after your primary I believe. 

This is similar to how a traditional mortgage works when a bank requires an escrow account.

But considering we have to go with the traditional 20% down payment, we know we do not currently have the budget to get an STR that would stand out and have all the amenities that we would like to be able to offer and be in a great location.So I would like to ask for some advice from all the experienced real estate investors on BiggerPockets.Do we get in the game now?

When you do any agency loan (conventional or government) as a Primary Residence, you are signing a new 1 year "occupancy clause".

My entire primary residence every GC that quoted me had a 2-2.5x upcharge in materials.

The key is to understand how to underwrite a syndication structured deal.GP/LP splits, acquisition fees, asset management fees, refi/sale periods..among many other things that vary when underwriting a syndication deal vs traditional purchase.Happy to share my model for underwriting these deals if you want to shoot me a DM.

In this case, we’ll use the traditional 70% rule, so 0.7 is plugged in.Formula: (ARV * 0.7) – rehabExample: ($100,000 * 0.7) = $50,000Why Is This “Rule” Critical?

I would suggest you consider the following ideas:- Can you put a HELOC on your primary house and pull out some cash ($100-300k) in funds to invest in BRRRR properties?