We've never used percentage-based criteria, like the 70% Rule, for purchases.

I would not eliminate OKÇ based on tornadoes, that is why you carry insurance.It will very difficult to find something in Austin that fits your budget.  

$25k is only 4.16% of your new purchase price, heck of a deal.Thank you for your service and let me know if you want to talk any more details and run actual numbers based on your situation.

I also have lenders based on every strategy: conventional, second home, portfolio, DSCR and hard money.Best of luck!

I’m Dylan Fraembs, and I’m based in Long Island, New York.

Many people have asked & proposed to build such a data base.

What this stems from is that the IRS requires that a taxpayer trace interest expense to the nature of how the proceeds are used. 

I would make sure financially you have a good base and then connect with a local agent

Based out of Salt Lake City and looking to do multi-state investments in real estate by flipping or renting. 

So it would be best for him to first understand how this would impact his taxes and estate planning then structure the sale based on that.