Hi Ken, I'd say, it’s critical to remember that your financing strategy should align with market trends and buyer financing options.

Most of the population is relying on card or electronic payment options.

I was originally drawn to it because I wanted to have one place where all my tenants paid rent and where they had the option to set up auto payments. 

When I was younger I sold a condo with a lease option, but didn’t do it correctly; I had to evict and foreclose.  

Another option could be exploring creative financing like seller financing or partnering with others to leverage better terms.

We are a family of 4 and options like co-living is not viable.

The truth is that if you find the right deal, you can make pretty much any market work but if you are looking for consistent deal success that narrows your options down.Some investors look for simple signs like the "Chick-Fil-A" test.

Focus on neighborhoods near employers or schools, and explore slightly outside Austin for more affordable options. 

Hard money rates/terms so awful I don't see it as a viable option unless have some insane deal.

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date.