With conventional long-term rentals, if you're an established landlord, lenders will count the income from a new rental property right away, allowing you to use it to qualify to purchase another.

Currently there are over 21k active rentals in Austin, TX.

This will make things easier for the tenant and myself, especially if I decide to furnish a few units as short-term rentals. 

If you were to move more towards a luxury rental you could likely get $600/month extra but your entry price would then be around $425K.

Onsite management rental program already in place.

Unless you own a couple of residential investment rentals already for 12+ months.

Have you looked into Free leads, like Foreclosure sales, Bankruptcy Filings, Divorce Filings, these are all places you can find leads for free by doing a little work yourself.If you want to fix and flip or buy and hold any properties, we can fund up to 90% of the purchase price, and our rental rates start at 5.3%.Hope this helps.

@Nubia Silva seems like relatively cheap repairs so I would advise to not make an insurance claim if you intend to expand your rental portfolio.

Take the remaining money and pay off the loan on a SFR rental we currently own.  

•Consistent cash flow from rental properties.