Thank you very much Laura

@Chris Webb what @laura Tokgozoglu is saying a perfect example of what is taking place.

Thank you @Eric Delcol @Steve Ipock @Larry Fried @Laura Williams for your feedback.

@Laura John Niles/Howard township are farther south than what I work as an agent so I do not know what the STR restrictions are there.

Hi Laura,(This is not Investment Advice--because I do not give investment advice, I am simply answering your question here.)Lets say (just plugging numbers here) for example in Savanna if you own 1 SFH outright and after CAPEX, Repairs, Turns, Insurance, Property Taxes, and etc... you have $500 a month left over as spendable cash--sheltered by depreciation.10 would put $5,000 a month in your purse, which is probably a little more than your take home after the IRS and other deductions bite your paycheck.But you need to also have something to pay your Health Insurance, and depreciation stops after so many years, so you have to figure that in also.You will need to fully understand the expenses side of this business and make an excel financial model (if you want to be precise).Assuming it will take 30 years per property to pay the mortgage off free and clear, and 25% of the price of each in cash to buy and make rent ready each one....that might give you some idea of the time frame.The more money you have to start with the faster it will be.Also, in a situation like this, buying SFH's in the cheapest neighborhoods may result in buying in the most dangerous crime ridden neighborhoods..There are people in here who do just that...but you have to be hard and tough to avoid being taken advantage of...and because workers do not want to go (Fear Going) into these areas the owners typicality self-manage and self repair.Higher priced SFH's will take longer, and duplexes, triplexes and quads (may have) a little lower operating expenses over time--single roof for all, single shell for all, etc...There are other investment types out there, but I think you are asking about Buy and Hold---which is what I described above. 

@Laura Kastner PS is permitting STRs, there are lots of restrictions, worth reading the ordinance. 

Quote from @Laura Stayton: Sorry I've never heard of that one. 

Highly recommend speaking to @Laura Marks!

Laura

@Laura Mercer you are very lucky to be in Texas.