There are many possibilities for you to look at. I have a multi unit property that I rent out and know what type of returns you would be looking for. I can run the financials on possible properties and let you know what percentage return you can expect for this investment. Give me a call.
You can buy a duplex for as low as $150,000 to $1,000,000 right now in Austin. Just depends on what area you are wanting to live in and/or buy in. I'm an investor myself and have been for the past 8 years. I'd be more than happy to work with you if you don't already have a Real Estate Agent representing you.
Elias & Associates Realty