Holding LTR in san diego on a new purchase is challenging not to be large negative at high LTV.  

Challenges?

I recommend that you engage with a real estate accountant to ensure you set everything up properly. 

The volatility of Austin's RE market also presents challenges.

Challenges?

Challenges?

My challenge is that I don't know when exactly I will be able to obtain the STR permit from the city, so I don't want to convert guests too prematurely. 

So far the only applicants I’ve gotten on the hook for my unit were a younger couple who were very upfront that their credit was a little bit challenged.

Challenges?

This is true, but can increase your chances of success by working with an experienced team.Financing Challenges: Unexpected rate hikes or tightening lending restrictions can complicate your plans.