"I'm concerned about the risks": While real estate investments carry inherent risks, syndications often spread risk across multiple properties and strategies.

As far as your strategy you want to move forward with, I would recommend find out exactly what’s allowed  for your parcel, and then strategize based on your local market.

Now, Austin is now becoming California, but if you live here and are renting then you have better options as an owner occupant, than as a pure investor in Austin.If my Assumptions are fairly accurate, then listen up, if not disregard.Buying a new built house in Austin on limited funds, hoping to sell it in two years so that you can make a tax-free profit, is NOT A GOOD STRATEGY!

And, house hacking is a completely unique strategy because it's also providing you shelter. 

Perhaps you are developing a strategy that can be duplicated with success.  

He has a channel called "multifamily strategies" Also, If you look up Caleb Hommel, He got started in REI at 18 or 19, and he has some videos too.It's not a direct answer, but it might help you get an idea of what you want to do?

I currently short term rent it; however, since the short term rental market is flooded and demand has gone down it seems, my strategy is to turn it into a long term rental to ensure cash is flowing.

Hi Bigger Pocket Community!I am a new investor, and I'm seeking advice on structuring a partnership for a $650,000 property venture. This is the first venture with my partner.  My partner has a personal relationship w...

It's a strategy allowing you to defer capital gains tax when you sell a property and reinvest the proceeds into another 'like-kind' property.

Here are some of the key things to keep in mind when choosing an asset protection strategy for your rental properties:Your risk tolerance: If you are not very worried about being sued, you may not need the best level of protection.