Being that rates are up it's another way to offer exatly what you mentioned; the chance to own for a couple hundred bucks more than renting.Thoughts?

You also need to change all contact information to you - all email, phone, address. 

You can also expect increasing HOA fees, and there may be some problems renting a property inside a difficult.You don't have any experience, prices are at an all-time high, and rates are also high. 

Be grateful for the screaming deal you had, adapt to change.

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For the 10 year period spanning December 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.4% in that period.

The environment now with higher interest rates and higher purchase price does make it more difficult but definitely doable. 

Real estate can really change the game, and finding the right properties with smart financing is key.

A line of credit is adjustable rate with interest only payments that will have a "draw" period usually of 3-5 years for investment properties (usually 10 years for primary home) then will amortize over the remaining term after the draw period.

The amount of capital required depends on the city's appreciation rate.