For my units, the main issue is whether I need to re-paint and/or replace the carpet. 

Looking at a current listing in Austin (MLS number 5473496), this is 3503 E 17th St, Unit B4.

I would probably start with a 4 unit property using a DSCR loan, which will still be based on the property rents and not your personal income. 

If no, give them notice, recoup what you can from their deposit, fix the unit, and start fresh with a new tenant.

Investment Info:Large multi-family (5+ units) fix & flip investment.

Then drops pretty aggressively every 20-30 units.

I will likely want to live in the home for two years to avoid long term capital gains before renting out the unit & using the equity to purchase another property for myself.

You can read the books in the BP bookstore and watch videos on YouTube and gain enough knowledge to get started and buy a small multi family house 2-4 units to house hack or just rent out and self manage.

There are a lot of great 2-4 units here in the $100-400k range. 

Anyone out there used a USDA loan for multifamily units in rural areas?