You will likely miss some deductions using the commercial tax software but it’s the cheaper option and starting out a couple hundred dollars in deductions missed likely isn’t that big of a deal.

Have recently started a renovation company with a friend, both of us successful business owners and talented in the trades.

You also may need to start with more capital so you are prepared for unexpected situations.

Engage an investor-focused realtor/broker in your preferred market (this is not a residential realtor) and start 'tire kicking' the market and properties that fit your criteria.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

I didn’t expect them to cashflow when I got started.

As you're just starting out in Austin, focus on learning the local market, particularly areas with good rental demand and lower entry prices.

This past year they have started paying rent late to the point where the total accumulated time is about 3 months of back rent due.

Just given the information that you provided, I would say buying a house where you can rent out rooms or a separate apartment is a great way to start.

Over the course of using Bigger Pockets I have had very degrees of opinions on who I should vote for concerning a post.When I first started using Bigger Pockets, I was too naïve to even think of voting for someone that took the time to answer one of my post.