We always run a market analysis before making a purchase for ourselves or our investors.

Is Phoenix a good market?

Purchase price: $270,000 Cash invested: $54,000 A multi-family upper/lower duplex in Ankeny found off-market during COVID.

Educate yourself on how to handle marketing, screening, late rent, lease violations, etc.

You may qualify based on Market Rents or Lease Agreement.

If your aunt isn't in a big rush, another option may be (I'm not familiar with TX law):- Pay your aunt for a Right of First Refusal (means you get a chance to buy it before anyone, but has to be notarized by you and your aunt and filed at the courthouse)- Sell your house on or off market.

I am looking into my STR options but from what I have learned this is a overflowing market in the area and the vacancy's are increasing so I may look into mid term and long term only.

Seems like the new on line marketing methods  Section 8 is the new shinny object..

There are only 2 ways, as I see it in the current market, to get actual income/cash flow from a rental property - a paid off long term/mid term property or a well bought short term or rent by the room rental.

Hey Paul, I've done a few of these with buyers moving money from California to the Detroit market.