Austin, Tx Buy vs. Rent: Duplex or House w/ Mother in Law Suite
Currently living in San Antonio, Texas roughly ~90 miles south of Austin, Texas and I'm considering making a move! I'm considering going heavy and buying above the average/ median home price and going with a Duplex or SFH (3 Bed /2 Bath) + 'Mother in Law Suite'. That being said, how realistic is it to significantly offset my cost of living or even reasonably find one of these properties? I don't expect to be completely cash positive but I do want to considerably lower my cost of living in a city where the cost of living somehow mimics cities on the one west coast.
Question: Are there any Bigger Pockets members out there doing something similar? What was the cost of the property and do you live-in? Given the market is hot, is it reasonable to think a buyer will accept an offer with only 5% down? Most of my research has been done using Zillow and I estimate the minimum I'd be able to find a property that's is semi-move-in ready to be 600K+. Is this assumption wrong?