If you’re a trust fund kid with access to ample cash, you probably don’t need to read up on hard money loans and private lending (unless you want to employ leverage, in which case I congratulate you on being wise beyond your years).My point is that any discussion of which books you should read should be tailored to you and the areas you want to improve.

You'll find an ample number of potential properties to review. 

I think something in that price range is attainable, but will be difficult, and will definitely have some issues / require work.

While those are actually attainable, with the high interest rate, the monthly payments put me in a negative cash flow position.

This will require extraordinary efforts to attain this big audacious goal.

If you play around with the numbers you can try to maximize cash out and keep it cash flow neutral, assuming rents don't go much below where they are now.Your tenants would be paying down the mortgage and you would potentially be making money on that equity.Of course you want to be responsible and have ample reserves.

Oh one thing to consider right now with he locks and other lines of credit maybe harder to attain as an investor.

I'm assuming the previous contract fell through based on what the WDO report found so financing couldn't be attained.

Long story short, buy reasonably well, have reserves, make sure you have ample cashflow, and don't put yourself in a position where you have to sell. 

I think Austin is going to offer you ample growth and stability!