In Memphis, TN, we have solid communites to invest in around our airport.

. :)We definitely want to invest in true vacation rentals as well but this will be a good learning process with not as much risk to start.  

Best advice is to partner with someone who specializes in investment properties in the Austin area.

Quote from @Todd Boone: If it is, what kind of investment? 

.: Since you're in Wyoming isn't setting up a Wyoming Trust a lot easier than for us out of state people? 

I'm interested in learning about rental property investment, looking to build a rental portfolio, exploring real estate investing to replace my income.

That means your GP team needs a minimum of $300K to invest, more if you buy a bigger or nicer propertyFWIW, SOFR is not a loan you can get.

Great learning experience.Good Investing... 

Looking to invest in long term hold multifamily.

Metro Atlanta, generally speaking, respective markets 30 to 45 minutes from the City, will be tight on cash flow unless you implement a creative investment strategy, such as short-term rentals, medium-term rentals, or rent-by-the-room properties, or allocate at least 30% to 35% towards your downpayment if you intend to hold the property as a long-term rental.