Yup half of these ideas are OLD NEWS  I never equate Texas and low tax's LOL also my concern with build to rent subdivisions is not the rent or the first 3 to 5 years but the exit in 7 to 10 years which is average hold time for investors.. 

We comfortably could use the cash flow but could probably survive if reduced by half but only as long as have our tenant at the primary residence.

Lawsuits run a year and a half or so.

1) 20% down will allow you to do a conventional investment loan, but you will have to either:- Qualify with the new payment + your current payment- Lease the property out, allowing the lender to use 75% of the monthly rent to offset the mortgage (confirm with a lender).2) You could also do a DSR 20% down loan, but the interest rate will be much higher than conforming rates.3) If less than 20% down, you could:- Do a 10% 2nd home loan as long as the new property is at least 50 miles from your current home or near a qualifying vacation spot (confirm with a lender).- Do a 5% down conventional mortgage if you plan to rent out current home and live in the new one for at least 12 months.

So relying on 1, 3, 5 mile radius can be misleading because circles can be sloppy.You also have to go on rent comps.  

I am a property manager with 200+ clients, half being true investors growing their portfolios who also work a w2 job.

There are areas around Lake Tahoe that are 100 percent restrictive and others just a few miles away that have fewer restrictions.

They are not buying in cities 1,000 miles away from where they live.  

If so, then find out if you are close to any hospitals (within 15-20 miles). 

Dont get me wrong I like to have nice experiences you know stop and smell the roses I am not a money hoarder per se I will take trips that many would deem extravagant and or the big one on BP is CARS  so many like to talk about the 10 year old 300k mile car they still drive.. myself I buy a new car once it needs new tires :).