However, if the FHA interest rate is lower, I would still go that route and if rates drop refinance  however keep in mind FHA has PMI for life  Here you go FHA has the self sustaining requirement that requires the three non owner occupied  units to cover the entire PITI which with 3.5% or 5% down is virtually impossible with today's interest rates and price level.

This was also not mentioned until today. 

So while deductions today are generally worth more than future deductions.

Fast forward to today.

Have a baby, and gallop into the sunset (while still making calls to PM's)INTEREST:I first got interested in Real Estate Investing because of the potential financial freedom it can provide to me and my family.Hi Christian, if you're looking to net cash flow $2500+ from 3-5 single family houses, that's going to be very very hard to find especially when interest rates right now are 7%+ for an investment property - unfortunately, it will be very hard to find that in any market today. 

Due to the current interest rates, you probably can't live for free, but you can definitely learn how to house hack in that first year, reduced your personal housing costs, learn the rent by room/co-living strategy on-site, and then probably break-even after move out, but most importantly, it is possible to make that work in 2025 with today's rates.It just takes being open-minded and willing to be flexible for the 1st year.  

Those rates are not as nice as rates we got a few years ago for less than 3%, but in today's market I'll take those rates. 

Realize that today you are looking to buy into the real estate market towards its recent peak.  

Odds are with 8 building on 1/4 acre, you could never develop that densely today in Wimberley.   

In today’s housing market, where inventory remains tight and competition is fierce, speed and decisiveness have become critical factors in securing a home.A Market Defined by Scarcity and CompetitionThe U.S. housing market is still struggling with the effects of years of underbuilding following the 2008 financial crisis.