For short-term rentals, look into tourist-heavy areas like Orlando, FL, Asheville, NC, or the Smoky Mountains in TN—places with year-round demand.

The big assignment fee is just a bonus!

A lot of lenders used to apply 35% for expenses, but in the last several years, the numbers for supplies, labor, utilities, taxes, etc… have increased significantly.Also take into account the age, occupancy and how has the property been maintained, this will affect the expenses too The back of the napkin is a perfect analogy for the first round of estimates.

Unlike long-term rentals, STRs can be treated as non-passive, allowing depreciation deductions, including bonus depreciation (40% in 2025) on eligible assets.For tiny homes, tax classification matters:If mobile, it is considered personal property, allowing 100% depreciation under §179, subject to income limits.

Bonus points if they’re used to working with investors or can help keep costs in check while maintaining quality.Cheers,Kevin I would say this about BRRRRR, especially as a newer investor. 

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Then another round with the appraisal because apparently it was missing how much the house would be worth after the reno. 

If you are open to other areas I would look at round rock, Georgetown, Pflugerville area.

Bonus: So, eventually I had some tenants get on board that were older and not tech savvy so there was going to be no way to get the to use RentRedi anyways, so I decided to cancel. 

$10K seems like a nice, round number...Finally, if you have $250K in cash, I would not put it all into a single property / single dealHope this helps... happy to help further