All Forum Posts by: Steven Le

You can recoupe that money with the over-market rent you should receive, but if you choose not to renew after 3 years and want to rent/sell as a standard SFH, you then have to tear the walls and such back down and now have a bunch of furnishings you probably need to get rid of.

You will have the best luck with older buildings. Buildings built in the 1970s and 80s often have outdated rules and bylaws. They usually do not go through with the expense of updating them to say "no short-term rentals" because it is costly to do that with a lawyer. As long as there are no rental restrictions that explicitly say min 6 month or 12 month rentals, you are most often good to go. 

One trick I use is I copy the table with all the rates into an Excel spreadsheet to quickly sum up the total rate. Hope this helps!

Not really, it is county by county, you can get minimal info from places like Zillow but the source of truth is always the county.

This is what I was able to pull up on HCAD.org for the subject property and it does mention the Cypress ISD and Mud. When you add up all the rates you'll see it's .029857 and after multiplying with the assessed value for 2017 I'm seeing $4550.72. I also found it on HAR.com but it has listed the info from 2016 which shows the assessed value at 141K. As @Fred mentioned, there might be other taxes specific to the area  but this has been pretty accurate for me when running numbers thus far.