South Utah County and the Eagle Mountain area are where I would be buying and specifically new construction and small cheap single-family homes.

This could work well if you’re looking for steady monthly returns and don’t mind managing tenants (or hiring a property manager).Selling could also make sense if you’d rather use the $500,000 to diversify into other investments, like buying multiple properties or even a short-term rental on the lake as you mentioned.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

-are you buying with conventional or DSCR financing? 

I highly suggest working with an investor friendly agent so you don't buy in the wrong locations.I like the west side of Cleveland.

DM me your email and I can connect you with the organizer.The group discusses buy & hold real estate, both single family and apartments. 

Buying in Austin?

Hi Jonathan, what is your buying criteria in GA and what counties are you looking to purchase in?

Again, I do not want buying the multi-family home to block me from accessing lending for the second home when I move.- Does anyone see any flaws or can offer some improvements/considerations to the financing strategy of this plan? 

Investment Info:Condo buy & hold investment.