For the 10 year period spanning December 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.4% in that period.

I financed the deal with a conventional loan and bought down the rate from 7.75 to 6.25.

Rentredi seems to do it all but the reviews for it say there are a lot of bugs and a lot of hidden fees.

As @Jonathan Greene mentioned this is kind of a dated strategy in the new price/interest rate environment.

Landlords mistakenly ASSUME all PMCs offer the exact same services and operate the exact same way, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services.This also leads them to ASSUME simpler is better when it comes to management contracts.

That strategy, however, is going to take a lot more up front work than just posting a bedroom for rent for $900/month (or whatever the going rate is in Richmond) on airbnb and FF.

Once you are an experienced investor and know rental rates and costs you can provide value to clients. 

This dragged the process out even longer, making it both exhausting and expensive—I’ve already spent nearly $10,000 in legal fees.

Hey Richard I have a Sub 2 deal in Akron perfect for STR. 6k entry fee 6% interest 165k balance. 

Just a heads up this will not be tax free, it will be a pro-rated exclusion.