Austin Advice - Starting out

[Isa Carrasco]

Hi there, happy Friday junior! 

I am looking to grow my net worth and live in Austin. I currently have one investment property and am considering a house-hacking strategy in the Austin area. I would look to live in the house and move out after a year or two but I doubt rental rates would be caught up by that time and the house would not cash flow. As you may know, Austin is expensive and if I don't find a roommate I could really be cutting it close with my personal finances. I have liquid cash that I can lean on if need be; however, the lack of cash flow is not the best financial decision. I believe in the Austin market and really love the location of the house I have under contract. In your opinion, is this a decent play to increase my net worth? Alternatively, I could put the investment in a more passive K1 offering (development) that's projected to grow 30% in 2 or 3 years. 

Thank you in advance for the advice! 
Isabela