Given Austin's competitive market, ensure your savings align with down payment requirements and closing costs for multifamily properties.

PS - I'm looking at building one myself, so happy to let any of y'all use it (at no cost) if you would like to chat.

Hello everyone,We are new to Texas and are looking for a real estate attorney to review our asset protection strategy and possibly help us set up a series LLC for our rental properties.One attorney that we are considering is David J.

Starting out if your house hack lowers your cost of living you are doing well.

Needing costly maintenance after dealing with break ins, in-consistent tenants, and no one wanting to manage your property.My team and I, have created a graded map on all major cities in Ohio.

Also, probably I'd have to fly out to KC a few times until I buy the property to meet the team, potential properties, etc which will add to the costs (~$600-$800 each trip) of owning an OOS property.Given this market, I'd like to hear from OOS investors if they think it's still doable to pull off an purchase worth investing in.I don't want to talk myself out of it again and focus on the negatives but also, want to make a sound decision that benefits me in the long term and doesn't hurt [much] in the short term.

This allows to 5X tax benefits this way, especially if doing cost seg. 

Here's my concerns:Based on down payment and closing costs I would have to pull from retirement accounts to make this happen.

We want to ensure our guests have a great experience without going overboard on costs.

I'm wondering how folks estimate CapEx, maintenance/repairs, and turnover costs?