He lives locally, is very responsive.

Austin is not a great cash flow market currently, but has proven to have solid long-term appreciation.

Yeah, creative finance is great.

Is that where I went wrong?

Not every property is the same.

This is a thoughtful and intriguing opportunity, and it’s great to see you approaching it with an ethical mindset.

I am an accredited investor, looking to invest 50k to start since it’s my first one, and predominately interested in multifamily as my only previous experience is a rental I manage on Airbnb.

Doesn't matter as AR is not a community property state.Yes, you need to register it in CA. 

And no matter what, keep an eye on how your financing structure lines up with your exit strategy.Where do you see the biggest risk.. sinking money into improvements or letting the buy back linger too long?

Both offered up to $40k, 12-14% rate which is higher but not bad for an unsecured personal loan.