Are we talking $100k or $20kNote that the appraisal is based off the work you put into it and won't be based off market comps for a few years so you are really limited pulling out your capital till 5-6 years and the max LTV for a cash out refi is 75% if you are owner occupied and sign another 1 year occupancy agreement

This site can give you an idea of every apartment complex in the area and then some sleuthing would be necessary to identify owner and outreach.

Some have limits on the number of rentals in the HOA. 

In our local market many areas have extremely limited options for rental properties and units priced appropriately are typically filled quickly.

Looking for Architect/Builder experienced turning older 4000 square ft home into Apartment and/or ideas from people who have done this before.

Hello BP,Let's say Johnny buys an investment property for $165k in the state of Texas and puts $30k into it for a total of $195k; the property sells for $300k 2 months later.Johnny has had some experience with flipping homes (primary residence) in the past and is aware there is a limit on capital gains tax for profits under $250k.

I discussed the idea of an LLC with a local banker and he indicated setting one up especially at this stage was something I could easily do so I submitted my application with the state already.

So the steps I recommend to do this would be to talk to a few lenders first, get an idea of what their process is and see who you enjoy working with, look for your investment properties, and get back to the lenders so they can appraise and approve/disapprove the loan.

I am intrigued by the idea of potentially house hacking a duplex or quad somewhere in Austin and turning my current primary residence into a rental, knowing that it wouldn't be a cash flow play, but more of an appreciation play.

But the idea is the same since your husband's 401k can be rolled over into a IRA as well...