I am looking in the greater Austin area, with plans of securing a job and house-hacking a quadplex or triplex.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

That will buy you some time to get more capital together, and you know that money will be used to perform the job.

Without population growth, your rental income will lag behind inflation, requiring you to find additional sources of income.How long your rental income lasts depends on the job growth in the investment city.Non-government jobs are inherently temporary.

Your job is to make sure they are covering what they need to cover for the property. 

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

Changing jobs!

A lot of investors provide comps (residential RE) but I avoid doing it because it's like telling them how to do there job.

Renovated Good job!

Getting a commercial loan can be like getting your first job.