In my mind, I say stick to your guns.

From what I've seen there is no way to build or buy in the Austin market for less than $100k that with give a stronger ROI ( **If someone disagrees my mind is completely open to a new direction.

Keep in mind, I would do a conventional loan 20% for the new primary.For additional context, even though I'm paying PMI (~$150/mo), I have a great interest rate of 3.1% and would hate to lose the interest rate.

Originally posted by @Mindy Jensen:Originally posted by @Eric P.

When first starting out (and once you've got your goals in mind), I think the most important thing for me was to just go out and start learning the market.

That being said, it's only a matter of time before the city decides on how to enforce this and really cracks down on these rentalsWith this in mind, I would recommend taking a closer look at other cities a bit further North such as Bonita Springs or Cape Coral, both of which have established STR markets and great current inventory.

Hi Chris,Mind I ask what you ended up choosing?

@Mindy Jensen thank you!

There is a handful list of lenders who specialize in this kind of loans (your local bank won't be able to help), you can find comprehensive list here:https://www.biggerpockets.com/...Another thing to keep in mind is that the use of leverage in an IRA will result in Unrelated Business Income Tax.

I am leaving now for the meeting and I will keep your ideas in mind. I