My sights are set on acquiring my first rental property in the Austin/San Antonio area, aiming for cash flow and a 7-10% yield on my down payment.Here is my initial plan based on the learnings I have done so far:Property Type: Single Family/Condo/Apartment also open for other suggestionsStrategy: MTR/LTR Budget: $300k - $400kCredit Score: ~750Down Payment: 15-20%Where I need help of this awesome BP community:Guidance & insights: I'm open to any advice and tips from seasoned investors and experts in the Austin/San Antonio market.Experienced team: I'm actively seeking investor-friendly professionals, including lenders, agents, property managers, tax experts, inspectors, and lawyers.

Since he's 62 I know we can withdraw with no penalty, but is there a way to avoid taxes ?

Is it calculated on the gross income inclusive of varying sales taxes which vary from different counties and cities?

I am almost an expert in RE taxes and self file. 

Texas recently passed a tax relief for property owners.  

If it takes 12 months, we'll pay a little more in interest but save on taxes. 

Even if you your loan payment hasn't increased, property taxes and insurance increase.

Hi @Malikah Planas I just now got off a call with my Tax Advisor CPA and he told me that 531390 is the NAICS code to use as a wholesaler. 

Seller loses, buyer loses, tenant gets evicted in long run, property sits with deferred maintenance during the process and neighbors don't like it, bad guys can break in...Foreclosure for an individual can cost anywhere from $90000- $250000.00 depends how long, what state, all the problems, delays... attorney fees hourly, filing fees, property taxes have to be paid...

No property manager needed and you can offset your income with tax deductions.