buying in Austin, Tx but living in another state for a whilei'm contemplating a home purchase in Austin Tx, in 78702, a hot area seeing much interest in new home buyers and investors... i think. So, i'm from austin and pretty sure i'll move back in a year or so (currently live in the north east). My goal: pay cash for a house that is livable and rent it out to my brother until i want to move in. i've never owned a home (i rent my current place) and i have know idea what i might be getting myself into with taxes and ... well i really don't know what i should be thinking about. what do ya'll think? May 06 2012 - Austin00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.