Many successful investors started where you are: solid equity, limited cash, and a long-term career base.

7) We've had many clients buy an occupied rental and hire us to manage it, but they never got: lease, rental ledger, tenant contact info, tenant ID and application info!

It sounds like finding the right 2–4 unit deal here might take quite a while with how limited the inventory is.In your opinion, would it make more sense for someone in my position (new to the area and just building credit) to start with a single-family property or explore another investing strategy first before jumping into multifamily?

Build up some equity and cash flow on residential properties and scale that- anyone can do that with limited resources.

And it is getting less frequent with each version that changes are needed from what ChatGPT came up with if using a sufficiently detailed and limiting prompt.

I can relate to starting out with limited capital since it’s one of the biggest hurdles when expanding into a new market.

It also includes a site plan for permit application. 

A well-designed asset protection strategy limits liability, preserves wealth, and strengthens your defenses if challenges arise.To navigate these areas with confidence, build a team that includes a tax professional experienced in real estate and an asset protection attorney aligned with your long-term goals.

However It would be interesting to see if you have a contract and your entitling property you dont own and then you sell in less than a year ( which I would think would be pretty limited as entitlements take longer generally speaking) to me thats ordinary income from time and intent. 

What this means for you in AustinIf you’re running MTRs (say, 3–6 month stays for travel nurses or corporate housing), you absolutely can take bonus depreciation after a cost seg.The main limit is that the losses usually stay “passive.”