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Joe can answer this other that funding a few land flippers in Texas the last few years I have not done any deals on improved properties..

Here are some examples of those methods below: Rely on the county tax assessor’s allocation: A taxpayer can review their county tax assessor’s property allocation, which usually provides an assessment of land and improvements based on the county’s guidelines.

Not real property so they will base it on the land and improvements.

There's no one (theoretically) living on the parcel--no improvements that would allow someone to make the parcel their residence.

I agree with @Brandon Rizzo I think the supply will normalize as the migration to Texas has not slowed down and as builders make correction to a more balanced supply and demand (along with interest rate improvement) housing market will be better.

Trying to improve my knowledge in finding a sweet spots for my investment.

Are there ways to add value through renovations, additions, improved management?

Able to improve vacancy rates.

Our market is unlikely to produce outstanding cash flow with the use of a PM and if you are self managing, your cash flow equates to earnings for your efforts.I am hopeful that the high interest rates have had a negative impact on income and that the STR income will improve if rates decrease.