It isn't too far for me to invest.

Beyond the financial benefits, they value the reliability and stability of these investments, which makes it easier to continue expanding their portfolios over time.

I own an investment property in Austin, TX with significant equity that I'd like to access. 

Nothing wrong with parking the not-yet-invested portion in HYSA while you phase in.Gold vs HYSA for the staging money.Gold is a volatility asset, not a parking lot.

I have invested in the suburbs outside of Chicago and it has been a great experience.

@Jonathan LeungIf you search The Investors Guide To Memphis Real Estate wherever you listen to podcasts,  YouTube or Facebook (All over Tiktok and IG as well) you will be able to see our Memphis TN Investment Zip Code break down where I talk price points, rental ranges and sales figures form year to year.

As an owner of a 72 unit complex and a bunch of single families I would say talk with someone in the space before you dive in too deep it is not all roses like some folks like to say, there are challenges that each type of investment poses.I saw you added a unit on another you have, be sure anything you do or buy has it permitted that way,  not fund to be on the other end of an insurance claim for something that went wrong in an unpermitted unit. 

BP had a great article about investing in Orlando but listed below are some things you have to be aware of before jumping into this market.

You don't want to be in a position where you take a huge 401K withdrawal that it puts you in a much higher tax bracket where the added tax you would pay would be more than the added return you would get with real estate than whatever your 401K is invested in.Your net worth is about $1,500,000.What are your annual living expenses?

@Taylor Evans I understand your concerns about TBTF, but most banks that would finance an investment property are TSTC (Too Small To Care).