If this is your first property and you will be living there for the first year, you can take that out in terms of near term cash flow since I assume you will manage it yourself.

DMV area not being the best for investment in terms of finding cheap property .

Based on my research (just this evening) list source allows you to get fairly specific in terms of municipality, zip code, and I think there are even mapping features you can use, but I think those end goal questions would be important first of all.  

For those who manage properties with land, what do you require in terms of deposit or insurance for livestock?

I don't know if I should be looking at in terms of whether I should pull out the $20k.

or are you afraid of losing your money so you only want to put in half and vise versa. i found a huge difficulty in partnerships is that the work/effort is never truly 50% but in terms of money (profit, repair) its always 50% so gets a little grey something,   so its really important to figure that stuff out people will give you a lot more advice on partnership that people will give you but thats my 2 centsGoodluck man all the best in the future

I think a lot of people get caught up in exactly what lenders will require in terms of liquidity and net worth numbers when underwriting the Borrower.

Don't get me wrong; There are plenty of knowledgable good-hearted folks in here, but what's acceptable to you in terms of living standards and the tradeoffs you may have to make can only be determined by you.

I hope my experience will help you decide which way to go in terms of plunging into the crazy Austin market.Good luck!

Due to the fact that I am not yet ready to buy, loan officers do not seem too ambitious to give me much in terms of hypothetical questions.