To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.

Using these parts of local zoning can lead to potential deals.  

I could put a down payment for a conventional (20-25%) 550k duplex, but I feel it could hurt my chances of buying as many duplexes in a 5 year period (for example) if I go conventional VS an FHA at 3.5%. 

Start by formalizing a lease agreement, evaluating potential renovations to maximize rental income, and deciding on a rental strategy (short-term or long-term).

Waiting until the 1-year period ends avoids potential loan issues and simplifies things.

Happy you joined the party.. how soon do you plan to start crunching numbers on a potential deal?

Hi Eli, This is a creative and potentially win-win strategy that could work well in the right situation.

A small multifamily property is a smart choice for a first investment—it offers a great balance of income potential and manageable scale for someone new to the space.Don’t worry about being ambitious; it’s clear you’ve done your homework, and you’re already ahead of the game by setting a clear goal.

multifamily and single family both have potential value.

Any advice on how to navigate this while keeping the deal intact or potential transfer of partners would be greatly appreciated!