I use a fairly conservative 37% CapEx, Repairs, Mgmt Fee, & Vacancy that, combined with our high taxes (for now), is eating our cashflow.

Article Highlights:"Real estate investors have been flocking to the Lone Star State this year, driven by a combination of population and employment growth.""

The combination of reading his book and listening to his podcasts helped me get started.

Buying investment property now:I'm sitting on a modest amount of capital and am eager to get into the game via either another affordable single family, or a multi-family, ideally in the Coventry/WW/Warwick area as I'm most familiar with them.As with any investment, I know that timing the market can be a fool's game, however, one cannot ignore the extremely high valuations combined with economic prospects and a potential wave of evictions coming.If you were to start over in this area, would you jump in now, given the current circumstances, or wait and see what the next few months hold?

@Montez Blackburn I think if increased cash flow is what you're looking for as opposed to simply eliminating your rent you should go for the more aggressive house hacking strategies, i.e. buy a single family home and renting out bedrooms or a multifamily home with > 2 units.If the quads in your area are located in questionable areas, I would consider the single family option (if you're comfortable with that) or combining strategies with buying a duplex and potentially renting out both the other unit and a bedroom within your own unit as well.

An investment asset is an asset owned for the purpose of (1) preserving value (2) increasing value (3) throwing off income, or some combination of all three.A liability is something or an amount you or that entity owe to someone else.

I'm not sure why they combined them into one big list.

The big financing questions remain: How long after my first rent checks were deposited would a bank be willing to refinance my mortgage + my construction loan(s) (combined total of $1.15 million)? 

So if we pledge $2M in equity across guarantors on our combined PFS it would limit the size of the loan to the same amount, which honestly makes sense. 

On the bright side, you're noticing this at 23 instead of going through 5,10,20 yrs without fulfillment.As far as strategies are concerned, I'd recommend the House-hack strategy, BRRRR strategy, or a combination of the two.Given that NYC is an expensive market with high rents, many folks choose the house-hack strategy where they can:- significantly lower their current living costs - get into their first deal with as little as 3-3.5% down- occupy 1 of the property's units for 1-2 years- gain acquisition, project management, and property management experience- refinance and move onto the next property and begin cashflowing on property #1- rinse and repeatI hope this helps...Best of luck to you moving forward!