@Breeya Johnson Austin has gone through numerous changes the past five years, both good and challenging.

So you better find something that cash flows or you’d be better off putting the money in a bank CD. 

If not, understand the risk of taking equity to generate more equity based off your ROI.

Lastly, if you’re currently taking a homestead exemption on property taxes, once that drops off (if you’re currently taking chose to transfer the exemption to your new home) your property taxes will likely increase $1k-$2k thus increasing your monthly mortgage.

Sounds like you are off to a great start. 

BRRRR with a bang: If you can pull this off, the value-add potential is huge.

This does not matter if the tenant is off a bit on rent and income.

You'd be better off of in Little Rock.

Vinyl siding also can warp,get cracked. get ripped off in high wind,sun will fade it and then leftover pieces will not match when you replace years later.  

The owner has taken it off market and I'm just trying to explore my options of selling it off market for a deeply discounted price.