Generally, an inspector doesn't show up unannounced, with an appointment, for an inapplicable trade or component of a house. 

But mainly flip @Aaron Klatt

The two common choices for doing so are the self-directed IRA and the Solo 401k.The Solo 401k requires self-employment activity, but will allow you to take participant loans while the IRA does not.A few other Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.The penalties for prohibited transactions are less severe, though it's best not to utilize this benefit :)With either structure, it's generally recommended that you do not commingle retirement and non-retirement assets.

For buy and hold, I am looking for properties with more cash flow than this (so mainly outside of Austin).

I add a 10% repair in every month.Utilities look low for amount of units also lawn and garbage and pest control could be more I'm in maine I pay heat......It's better to be conservative also for my banker I have to have 1.25 dept to loan ratio

All different flavors of ice cream out there.I have seen some buy to hold and said they would never sell but they had a compelling reason like an offer that came in (knocked their socks off) it was so good or they wanted to recapitalize for more existing property acquisitions or new development projects.If you study business it is mainly about PERCEPTION and MARKETING.

Although there are a few extra components, seller financing to me feels more fulfilling.

@Micah LeeWell some ofyour numbers are likely low, mainly property management and potentially water too.Your taxes are high and you’re financing a Ton which also doesn’t help.

The main downside of this is that you will start accruing interest from day one of the loan, versus a HELOC that will only accrue interest when you make your draw(s).2) I would suggest speaking with your accountant and/or attorney. 3) I wouldn't be very excited about a $200K house that is going to yield $1,200 - $1,400 per month.

Mainly Rock Springs and Green River.