I think that Chat GPT hilariously acknowledges, however, that if this person then goes on to run for governor of Colorado, then, despite their likely lack of time and attention to the money I put into the investment, that they are likely to put up phenomenal returns as a nice bonus of either being in office, or being a threat of attracting any meaningful percentage of the vote in that state before dropping out and endorsing an eventual winner.

Austin is more of an appreciation play than cash flow. 

Bigger Pockets is a great place to find a tax accountant specializing in real estate taxation.

First step would be to work with a good investor agent, second step would be getting preapproved so you know what's within your budget for your debt-to-income ratio, and third step is working with your agent to build out the rest of your time and finding a great investment deal!

You should take a break from buying if the deals don't match your buy box, you are out of money, or for several other reasons (partner isn't on board, over-leveraged on different properties, acting out of FOMO, etc.).

What out of state areas have you considered?

I wanted to take a moment to introduce myself here on BiggerPockets. My name is Carsyn Childress, and I work in the acquisitions department at REI Nation, i.e. I buy houses!
I never knew I would love real estate inve...

But let’s go a later deeper - my down payment would come out of a well performing stock portfolio.

I can kind of understand that he wants to make sure I'm legit but that's a bit of a red flag for me.

This is not the cheap markets but the higher cost markets.This year I added a half bathroom out of existing space in a very expensive area.