I recently purchased a house from my uncle that has a shared well located on the neighbors property.

@Ryan Arth, I'm interested in multifamily homes in C class neighborhoods or better that are at least economically stable.

Purchase price of $76k if purchased with cash or financing, or $85k if purchased with seller financing.

Purchase price of $76k if purchased with cash or financing, or $85k if purchased with seller financing.

An ABNB I stayed in last winter was bought the previous year for $525k, that buyer then put it on the market for $525 less than a year after their purchase--today that asking price was reduced to $450!!!

Fourth, we wouldn’t need to take on debt to make the purchase and we’re comfortable with the costs and management of the place given our history with it.If we buy out the relatives, we would likely pay around $295,000, which we have available now.

I helping many clients use their VA loan to purchase properties in IB.

Recommend you spend some time researching your Austin market to learn how to evaluate potential rental purchases. 

Quote from @Michael Wu: Most investors would be fine with a really nice spreadsheet purchased on etsy for under $10.

Good chance you'll be like Michael Chang and make enough to purchase a substantial amount of real estate through the rental arbitrage method!