Some will float the cost themselves, but you've gotta also be quick to pay them draws on time so they can pay their guys and keep it going. 

@Jim Blumenthaltypically small multifamily is too small to divide the equity among 'investors'you could try to find a single local partner - but i would do a bunch of deals yourself first before i would even think about partneringin any event - i'd start with a house hackgood luck

Do you see urban areas like Austin losing their appeal or is there still enough draw from tech jobs and lifestyle to keep that market strong?

I assume people with kids would draw that line even lower.  

@Sanjeev Advani While this may be a good talking point what no one is mentioning is that with most of the federal land areas there is NOTHING there to draw people to want to live there.

So I haven't officially started yet as we're out of state, but I'm thinking after I start driving for dollars and building a list to market to, the next biggest hurdle will be a buyer list, but from what I've been told, the right deal will draw the money.

It has been drawing in families and professionals, leading to steady demand and higher appreciation rates.

Also, at the end of the day, if you have budget left over, make a draw and enjoy that tax free money. 

How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions thanks for the advice guys!!

The email advertising this deal literally has a "pyramid" drawing in it.