On that note, it could make a decent house hack if they buyer puts in a large enough down payment.200-210k ARV seems about right. 

Perhaps find a fairly recent graduate from the top of his/her law school class who hung up a shingle rather than joining a large firm.Your pals have other projects in the works so your $200k is out there and the goal should be to get it back asap. 

I have seen a few "Gurus" talking about using a HELOC to pay large chunks of your mortgage and then use your HELOC as a checking account and put your paycheck into the HELOC to help with payment of the HELOC, or something to that effect.  

The way it was worded I thought you were going to attempt cash-flowing the property to save a large portion of your rent.  

You shouldnt focus/invest in all kinds of multifamily (ground up development, small multis BRRRR, large apartments syndication, medium size multifamily wholesale, etc).

Large groups travel to and vacation together in the Orlando area, but large vacation rental options can be few and far between.

Even if you didn't physically go there, there's still plenty to see in Google Maps and many local computerized deed registries.I suggest you take company with you for the door knock, preferably large, male company.

Typically, it does require a large down payment or low purchase price to cashflow in Austin right now.

We do tile surrounds in all of our B+ rentals, but go with large format tiles - they are far cheaper and faster to install than the subway tile, and there are a lot less grout lines to keep clean.

Also, you could consider buying a house to move into where you don't need a large down payment and renting some of the rooms (aka: house hacking).