I look forward to interacting with the BP community and eventually taking the plunge! 

If you goal is cash you would have to MF or go outside of Austin to the neighboring towns that will eventually benefit from the rise in Austin's economy. 

Please show me I'm wrong or you are that amazing, because even when I eventually invest the right syndication for me, I will always have and continue to acquire fee simple interest RE.Please, please, please, bring me  ten caps! 

Sorry, look elsewhere.Although we always eventually get rent and late fees, the people that have late payments are the ones with the lower credit scores that we accepted anyway.

I want to get a Quadraplex because I want to eventually hold a portfolio of multifamily apartments buildings and I thought that a Quad would be a good start.

If the numbers look potentially good then you'll have to decide whether to take a look @ the property & determine how much $ are required to renovateAfter you run analysis on enough properties & become familiar w/ the different parts of Chicago you'll eventually know when to pull the trigger on a "cheap" property.

My plan is to eventually get my real estate license, but right now my boyfriend’s Aunt is a real estate agent and his mom works for her part time, so we plan to use that connection.

But you are far more better off leveraging that money and making more that will eventually pay off the rate difference.

Eventually I want them to work for other people as they figure out what they want to do in life.  

Sure thing though anybody who moves in there is going to eventually get to know their neighbors and the story of "did you hear what happened in your house" will circulate.