Buying in your backyard eliminates so much for you.What strategy do want to follow?   

Make sure to communicate your BRRRR strategy with your insurance agent so they can recommend the right coverage for each phase.I learned this lesson the hard way: https://www.biggerpockets.com/forums/853/topics/1222933-my-b...

My former experience has been with LTR and I'm currently focused on STR in E TN but interested in learning other useful strategies and expanding markets in later deals. 

Smaller markets like Ocala, Spring Hill, and Palmetto can be great for affordable buy-and-hold strategies, while Gainesville offers unique student rental potential.

Andrew will give you some great guidance on investing in Texas regardless of your exit strategy.

What other kinds of loans or financing strategies are available that don't involve using too much of your own cash?

Unlike most dynamic pricing tools that follow traditional pricing strategies, Nightpricer employs an ADR-based approach, which adjusts pricing based on the actual daily rate trends.

However, unless you're doing this as part of a BRRRR strategy, you may end up paying closing costs twice and incurring unnecessary interest on the HELOC prior to refinancing.Additionally, conventional loans often have seasoning requirements of 6-12 months, while DSCR loans typically require only 3-6 months.This post does not create a CPA-Client relationship.

SubTo (Subject-To) can be an excellent strategy when done right. 

Whether it’s sharing strategies or collaborating on deals, there’s always value in teaming up.Feel free to reach out, and let’s see how we can make things happen!