The differential currently here between market rent and purchase price has increased significantly since covid. 

Current interest rate on the property is 3.375%.

For illustration purposes I am completing site work in advance of vertical construction on two parcels directly next to a single family home I’m renovating.

Currently performing DIY Rehab within house hack to get the other unit rent ready while learning the ins and outs to start implementing "who not how" for my next Investment!

8.5% is a bit high on the rate but that's our current market.

Currently performing DIY Rehab within house hack to get the other unit rent ready while learning all I can to perform the "who not how" during my next investment!

The house rents for $1200 month currently and will be able to get $1600 if renovated (finish basement bathroom, new flooring and fixtures, mainly cosmetic). 

I like NE San Antonio because that is the direction Austin is in.

To be clear, it is totally ok to APPLY for more than one (shopping rates/lenders/brokers) however having multiple loans going at once (if you were doing a loan for your primary and one for a rental at the same time) requires disclosing on the application that you are getting another loan while your current loan is processing.  

@Rusty ScottCommissions are paid to the broker's office, not directly to the agent.