I used to live there so I didn't just pick a random market.

@Miguel Del Mazo I “gift” my residents a small discount on their January rent.

A shopping mecca five times bigger than Lakeline Mall, a 21st century mega-factory, an ever-growing Apple campus and a somewhat secret but sizable spot occupied by Tesla.With a population increase from 2020 to 2023 of 14.5%, Williamson County is clocking more new residents than all other counties in this fast-growing region.

Only trick to this would be if you do not own your current primary residence and you do not have a current housing payment, then no rental income from either the upcoming subject property or investment property can be utilized towards qualifying.

Investment Info:Single-family residence buy & hold investment.

You can only play games for so long.Chances are your next door neighbor is an IRS agent and turns you in when your tenants blocks their drive or some other random event disturbing your IRS neighbor.ADU catches fire and your insurance won't cover you, because it was an illegal and unpermitted structure.The city inspector told the last guy not to build or rent it, and is now pissed and wants to make an example of you and just red tags the whole property and no one can occupy for the next 1-2-3 years while you wait for a hearing.Then when you get the hearing, "staff" recommends you tear the whole structure down, and if you still want an ADU, you can apply for a permit and rebuild it.Your tenant quits paying rent and won't move out and you can't evict them, because there is no valid lease and they're just your "roommate".Probably a dozen other bad things can happen to you when you do stuff like this. 

If the local market is healthy and rental income will be adequately managed by a property manager, then a long term residence could be used to build equity.

I would run away quickly with folks that's self-proclaiming like that.Sorry guys, rather than investing in random syndication, better way to just buy 3/1 rental in Fremont next to his house, it's only $1.2 mil. 

Investment Info:Single-family residence wholesale investment.

Investment Info:Single-family residence fix & flip investment.