Otherwise, the 5% is below market rates.Working together is one of the main ways families become wealthy.The first step would of course be to talk to the spouse(s) that make you brothers in law.

My thought is the first step is to clearly define your objectives i.e long term vs short-term, emphasis on cash flow vs. appreciation, risk tolerance etc...Once you have all of that clearly defined, your path becomes more clear and defined.   

...but what should my first step be..?

Taking those early steps is awesome!

It's a great first step!

Can anyone recommend a local lender or help outline some steps involved in this process?

Ignore the advice from people who have never stepped into Austin.Ignore the advice from people who are real estate wannabies who want to make money but have not made enough yet. 2.

Can anyone recommend a local lender or help outline some steps involved in this process?

I find it to fascinating that people can scale a business as they do which is my next step in my real estate career.

Thank you.RIght now following your advice to pay off rentals within a seven year period from cash flows