I’d like to buy the place, renovate it, and then live in it for a few years as my primary while renting out the 2/1, and then ultimately selling or renting out the main house too. wondering what the best purchase strategy would be considering I don’t have the full purchase price in cash on hand?

In houses, MFH and other REI you’re looking at Cashflow or appreciation strategies.  

You will always have to be an asset manager of your property manager as your property manager is not a mind reader for your investment strategy decisions. 

What types of strategies are you interested in?

I keep our rentals in great condition so this strategy  make is easy for me.  

Being a subject matter expert and having a clear strategy is far more important than picking a market.

If you have deep pockets, I think Austin will eventually reward you, but if you are a newbie in real estate looking to cash flow positive day one or shortly thereafter, Austin is probably not your best bet in TEXAS.  

Hey everyone,I’m curious to know what strategies have been most effective for you when it comes to finding consistent, high-quality deals.  

Research neighborhoods near colleges, government offices, and hospitals, explore FHA loans, conventional loans, house hacking strategies, and connect with local investors.Good luck!

I’m based in Colorado and have been investing here since early 2021, focusing on strategies like house hacking, rent-by-the-room setups, and flips.