Purchase investors in or approaching executed agreement should check in with their mortgage professional for a quick updated quote, refinance rates particularly on expiring Jumbo & Super Jumbo mortgages could soon become more enticing. 

Quote from @Michael Wu: Most investors would be fine with a really nice spreadsheet purchased on etsy for under $10.

This strategy acts as a low barrier to entry to allow someone with little capital to enter the investing world, to build equity, and repeat the process to continue to build their portfolio/wealth.I would be happy to go into more detail should you ever want.

RE exposure will be there, just not this large allocation that BP thinks. yea and they are not stupid either because they know each local RE has more dependencies to supply-demand dynamics rather than interest rate alone.this is why even for hedge fund, they only purchase in certain area in bay area only like in cupertino or sunnyvale where it's good school district and next to Apple.

Recommend you spend some time researching your Austin market to learn how to evaluate potential rental purchases. 

Any transaction where the rehab exceeds the purchase price is a red flag for the lender, when you add rural, extraordinarily small size, and combine it with a very small loan amount you create a tough situation.

Good chance you'll be like Michael Chang and make enough to purchase a substantial amount of real estate through the rental arbitrage method! 

In tenant friendly states like Maine and MA, a small error in the paperwork could result in the process starting all over again.

Could anyone please advise how I should start the eviction and collection process? 

In other words, you rollover traditional IRA funds into your solo 401K (which is allowed) and then use debt to help purchase a property.