Always happy to see other folks from the DFW area on here.

@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

Being based in Austin, you’re in one of the most dynamic markets out there, which gives you a fantastic foundation to build on!

And very few take me up on it..

Congratulations on your new investment property.Cheers! 

There are 20+ CPAs and accountants on this site that specialize in real estate taxation.

Hi Everyone,I  am a professional wholesaler and property locator, I locate property on/off market, do a full due diligence on title, encumbrances, taxes ect...

My former experience has been with LTR and I'm currently focused on STR in E TN but interested in learning other useful strategies and expanding markets in later deals. 

I have them tell me how long a project will take to complete, and then I add buffer days or maybe up to 2 weeks, depending on how long / complex of a project it is and potentially accounting for weather if it is outside work.

Based on that, their personal use kills the STR loophole from 2024 forward.