If you pull permits and renovate, both your property taxes and insurance are very likely to increase, causing your cash flow situation to decrease.

It's temporary in nature anyway.

The result - DECREASING ANNUAL NET OPERATING INCOME & DECREASING RETURN ON EQUITYI am not saying investors should not invest in Texas.

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

Remember, sometimes the best opportunity might be closer to home, or a different type of property might offer better returns.Market Research:Research the most promising areas for short-term rentals in Panama, focusing on locations with high demand for temporary accommodations.Seek out experienced property managers who can handle the daily operations, upkeep, and guest interactions, especially if you’re not based in Panama.Lastly, consider operational aspects like team building, establishing best practices, and ensuring compliance.

So I decreased my debt by about $40k.

Evaluate historical and current vacancy rates, aiming for decreasing trends.Demographics: For younger populations, focus on proximity to parks and schools.

We're seeing no decrease in rents for our LTRs in far northern CA in solid B to B- neighborhoods.

So, if you can make a deal today at today's rates that cash-flows positively after refi, if you manage it well and hold onto it over time rents will likely increase and you will likely be able to decrease your expenses when rates go down and you can refinance again.

One piece of advice I would give anyone, is make sure you spread risk out among several operators in several markets to decrease your downside risk.