They lowered the “taxable value” by 40-50% and then raised the tax rate about 35-45% lowering everyone’s taxes that year.

One difference was to have two properties appreciating (though at very different rates as they were in different areas) instead of 1.

However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:For broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

Save...it takes a lot more money than most new investors believe (don't drink the Kool-aid that you can get in cheap) and residing outside the US will be seen as a substantial risk to most lenders which will limit your financing options. 

To check the proof in the pudding: look at Avantstay's host ratings on Airbnb or other platforms.

However if it is a larger property I comp it like I do a commercial property with a cap rate and with cash flow.

So I have my house that refinanced in 2020 for a 15yr 2.5% rate and we have about 56k equity.

This decision will also be impacted by your interest rate.

A lot of out of state investors see super cheap houses on Zillow and don't look at why they are so cheap.