If you choose to work with people who have investing experience, they should be able to help you avoid common pitfalls.

Just more wondering what the pitfalls are that are specific to the Austin area. 

It doesn't sound like you are going to stay up on the laws or understand where the the pitfalls are that I use my realtor to help me avoid. 

Any pitfalls?

I've started putting together a plan for me to "buy back" my 8 hours that I spend working for someone else via REI and am looking for guidance to help me figure this out and avoid common newbie pitfalls.

You can avoid massive headaches and costly mistakes through some of the advice and experience on here, there’s plenty of pitfalls we made that you can avoid by reading and asking questions. 

I am actively seeking someone that can do my taxes for this year, but also who can direct me a little bit for decisions in the future so that I can make sure I am not missing out on tax benefits and avoiding tax pitfalls.

We operate all of our units except one so don’t have that issue.I think that’s one of the biggest pitfalls w management model for STR.

Sure, but there are a lot of potential pitfalls and you'll want to tread carefully as, if you don't deal with a bank who is fine with it or if you don't check your paperwork you can trigger a due on sale clause.

Looking at a $200K line against a $300K lakefront property.What structure (draw vs repay term, etc.) and recommendations would you make regarding how best to get in place as well as pitfalls and lesser known opportunities should I know about as I move forward with this plan?