My brother and I, both out-of-state investors, recently acquired a long-term rental property in the Boerne area (near Leon Springs).

I’m certainly interested in maximizing my first home purchase by acquiring a property with ideally four units and living in one.

We are not flipping the house are are just trying to acquire it. 

If your goal is to acquire many units, consider looking into more affordable markets such as Akron, Cleveland, Dayton, and Toledo, which tend to be more favorable for this type of investment.

You can acquire a primary residence as low as 3.5% FHA or 3%-5% for conventional.

We expect to continue to acquire properties as a group.At the moment, I've been collecting recommendations on suitable attorneys. 

I have been an agent for about 3.5 years, and working on acquiring my first couple deals for flips/BRRRR's asap.

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

Using VA/FHA/whatever to acquire the property, personally occupy for ~1yr, then move to the next and put the previous into revenue production.

Perhaps the system strategies are best in a buyers market, other states or for acquiring off market properties.