The other thought in the back of my mind is where the market is headed and how inflation plays into things.Thanks!

Recognizing that home appreciation is crazy high right now, rates will likely go up in the future due to inflation, I expect the apprecation to slow down in the next year or so (just my hunch). 

The initial drive of inflated prices in Austin was the environmental restrictions and water quality restrictions put in place in the early 90's that restricted what, where and how much you could build in certain areas.

It was more than normal, which makes sense given inflated home prices. 

When I was 45 I could have sold out and retired and traveled the world for maybe 10 years or so until inflation caught up with me.

Multifamily apartments are not only real assets, they are also one of the best inflation hedges compared to any other investment asset class.

Asking price is way stupidly inflated, but we just put in a lowball offer and will see what they come back with. 

My hope is that with inflation and rents going up I will get to a point in which I can rent the whole house and make some cashflow that is exactly what happened in the property I describe below. 

I'm using the VA loan and I'm trying to stay under 300k which is pretty terrible because of the inflation going on with all of the homes around here.

Houston is a great market to get started in even though prices are overly inflated at the moment.