City council members are so gun shy when it comes to adding more housing for renters that they find even this too politically risky and have been dragging their feet. 

They had a bad experience with a realtor in the past although they didn't completely shoot down my value proposition.

there simply is nothing more risky than how BRRR is described for out of state investors.. there are 30 ways to leave your lover there are 50 ways to lose your money doing an out of state BRRR. 

This is risky of course, but over the long-haul I expect stock market returns to significantly outpace my ~3.3% interest note.That said, there are some downsides to FHA.

Hi @Andrew Tucker, this is an exciting proposition! 

@Kyle Garand prices should be determined by rents; whether something is "above what market value should be" is really a function of what you're paying (the investment) vs. what you're getting back (the return), and whether that amount (as a percentage) is high enough to justify the risk and aggravation of doing the investment.Generally speaking, if you invest in a better area, prices will be higher, and returns lower, because the risk is lower (better tenants and more able to hold its value).If you're living there, you'll also need to consider where you personally want to live (personal use factor), but I also recommend people analyze a house hack as if they will someday move out because it's always nice to have that option.Someday you may want to move out of the owner unit and rent it out, i.e., make it a pure rental/investment property.

So the risk is relatively low.

When The Austin Business Journal interviewed Matt Holm, a Realtor with Compass Real Estate, he stated, “I think we’re looking at roughly 55,000 to 60,000 white-collar jobs coming in the next 48 to 60 months, based on the millions of square feet being built,"And although the biggest risk associated with real estate is the difficulty of liquidation, this risk is eliminated in the Austin market.

If it was me I'd invest 50% in apartments, 10% in a long term/tax deferred account for later in life, 20% in stocks/mutual funds, 10% in liquid cash, 10% for a risky investment or something you've always wanted to try and 10% for fun, toys, vacation, etc.

I knew I needed an abstract but I was thinking since one was just done the lender on the refi may not need another abstract and wait on the title policy for the refi but maybe that risk is not smart.