Taxes are the $100, so about $290 a month expenses. $110 a month in cashflow.

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)

Texas is definitely a strong market, but keep in mind that high property taxes can eat into your cash flow.

Owning has advantages that LL does not such as no vacancy, typically lower maintenance/cap ex versus being occupied by tenants, and often property tax breaks. 

I pay $875 (including principal, interest, taxes, and insurance) and rent it out for $1,625.

And she’s the one that released the latest tax rates and year to year comparisons in September of 2024.

Beyond immediate safety concerns, the long-term financial implications, including taxes, are a pressing issue for those impacted by the disaster.

You are so right about analysis paralysis 😁Not too concerned about mechanics though I would like to learn more about how to best use CRMs (specifically freedomsoft), but also would like to learn specifics regarding forming LLC structures and tax strategies 🤔

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.