Well from studying the REI world for the last year I’ve come to learn that acquiring capital is not the hard part. I

With no property management Expirience, reserves for maintenance/vacancy, and low paying job- it seems a bit high risk without another party.

You're a little late to the party for markets like Austin.

@Gary Thompson If father in law just wants a loan and interest, rather than being involved in the risk and the reward then he should just do the hard money interest rate.

I second the recommendations on here to just ignore it and don't respond - you don't want to make any kind of commitments to him to have it looked at and then be held on the hook for that.If he's serious he'll get his lawyer involved, but until that happens I'd just block the phone number.

There are many ways to do this deal, depending on the needs of each party involved.

Because, if so, that would be a huge incentive for me to buy a pro membership rather than pay for an 3rd party software and a pro or plus membership. 

Either way, the fire has been lit and we are actively getting involved in the REI world and meeting other investors and are ready to just get in the game.

This trade or business requirement can be particularly difficult for rental properties to meet and is usually based on the extent of the taxpayer's involvement in the rental activity.

Perhaps a nice 1950's built bungalow.Always hire a 3rd party property inspector to give you an unbiased feel for the home.