You might find that "saving" on taxes is small compared to what the property might be worth (talk with a trusted real estate agent who knows the area and can give a projection of property values).Don't forget to factor in closing costs (real estate fees, pro-rated property taxes, etc) and take into consideration your other income and/or investments. 

I know with a house hack it would cost less upfront to start but will guarantee a negative cashflow the first year.

If your focus is on speed, (e.g. because the seller dosn´t want to wait or give a financing contingency) you might consider a hard/private money loan, since they usually can close way faster than a conventional bank loan.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

Martin,If you have a lender who is going to offer you a Foreign National DSCR purchase loan for $100K or under with a rate of 7.625%, you better find a way to close fast. 

I work with CSSI who are the nation's premier engineer-based cost segregation firm with over 45k is completed studies. 

I have called a few places and the cost is about 8K from start to finish.

I actually have a little 1br condo near my other building in Rogers Park contingent I close in 2 weeks its rented $1100 and I'm going to bring it up to $1350 maybe even try $1375-1400.

We sell a lot in Kyle/Buda and I live on the south side of Austin close to there.

It can be for earnest money or double closes.