I’m open to network and learn more.

@Jay TrillOn BP click network, then events. 

., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

@Julio Salado Get a free consultation with a CPA, you can weigh your options together and reach a beneficial decision.

I recommend looking for an investors group where you can network with other like-minded people and accelerate learning.

It may be cheaper to go into the meeting with a sample draft you find on the internet or networking and say "How does this look?".

Have you considered networking with realtors?

I'd love to listen I am also looking to join some real estate investment groups for networking purposes.

save up for the downpayment, meet, learn from and court lenders, analyze the continual stream of properties coming on and off the market, start building your support network which you'll rely on when hosting, and you'll know when the time is right.

I networked and formed a team first before looking at deals.