If anything, at least wait a year so you don't pay short-term capital gains on the sale of the property.I need to find some more deals like that here in Chicago...where in Houston was this property?

Living in the worst unit each year and fixing it up-- the equity gain is just going to be phenomenal.

Beachfront or properties near attractions tend to perform best.Mid-Term Rentals (MTRs): These are gaining traction, especially with traveling nurses and remote workers.

I gained equity in the property, and I got higher rents which lowered my living expenses while living there.

The estimates provided in the book are probably 30-40% lower now, but the real benefit may be in the structure/approach of how to estimate costs.

Reducing rent sets a precedent and can attract price-sensitive tenants rather than those prioritizing quality.Negotiating renewal terms can make sense if tied to benefits like lease length or tenant stability, but always ensure it aligns with your long-term goals.

The homeowner has direct title, can sell at any time and gets 100% of the appreciation and tax benefits on these houses.

The IRS disaster assistance page and hotline are key resources for those seeking guidance.One significant benefit for those who have experienced property damage is the potential to claim a casualty loss deduction.

We also run numbers to avoid lost money on blindly paying for an appraisal to find out its a dead deal or of no benefit.

My advice would be to start small with your first deals to gain experience before scaling up.