. $250,000 per married individual.  

Texas is one of the top states for house flipping, but it comes with challenges like fluctuating property values and renovation costs. If you've flipped properties in Texas, what have been your biggest lessons learned...

Depending on how many years you have own each property, maybe it is time to assess them: their individual performance, ROI, what type of tenant do each attract?

An individual?

The test you are trying to pass is the 100 hours and no less than any other individual.

They take on the responsibility of tenant communication, emergencies, and paperwork, which can otherwise be overwhelming for individual property owners.The Challenges of DIY Property ManagementWhile many investors choose to manage their own properties, it comes with its set of challenges.

.- Getting tenants to agree to rent increases and turning in all the required paperwork to caseworker, then, you guessed it, chasing them to process it- Dealing with the tenant's "entitlement attitude" that they don't have to follow the terms of the lease, so they move in other individuals and/or get pets without permission.So, a good PMC will charge something more to manage a S8 tenant/property - either a higher percentage or a one-time or annual fee.

They legitimately feel that it would be amazing to sell to us.While everyone just turns off their brains, and work harder instead of smarter just for that illusion: "see I did so much work,  it has to mean I am closer to the reward", but sadly it is all it is an illusion.I rather work smarter, not harder and have whoever that is motivated, come and find me, instead of me chasing them.

The Governmemt then “sold” individual apartments to their occupants or other interested parties for $500.

It certainly isn't next to passive like LTR'S  can be.Vacation rentals can also be very rewarding and fun to own.