However, be prepared for potentially higher interest rates on investment properties compared to primary residences.Cash Flow Considerations:While your primary goal is appreciation, aim for at least neutral cash flow to cover your expenses.

After you have some experience, you will be better prepared to branch to other RE markets.good luck

Rent Out Their Home: Prepare your parents' home for the rental market to generate income.2.

I believe your first move should be showing the notice with your tax preparer from 2020. 

"Statistically" meaning NOT every time or situation, but over the long haul.Too many investors jump into Class C properties expecting Class A results, are ill-prepared for the risks and then complain someone took advantage of them when it doesn't work out per their naive plans.DM us if you'd like to continue to discuss:)

But I couldn't tell you how many times I was frustrated, heartbroken,  upset, and nervous, because I had higher/unrealistic expectations set and was not prepared to weather the challenges, which were unpredictable to me.

Here are a few tips for managing a rental in the DFW area:Screen Tenants Thoroughly: Conduct background and credit checks to ensure reliable tenants.Understand Local Laws: Familiarize yourself with Texas landlord-tenant laws to avoid legal issues.Maintain Good Communication: Establish clear communication channels with your tenants.Keep Up with Maintenance: Regular maintenance can prevent larger, more costly issues.Consider Eviction Procedures: Be prepared for potential evictions.

We have saved 2 houses thus far, just being prepared.   

Also remember not all properties cash flow immediately so be prepared.

We hope to host Julie Anderson Virtually in late March, early April to chat about how this will affect all Landlords in KCMO.Landlords Inc:  https://sites.google.com/site/kclandlordsinc/home4th Tuesday, February 27, 2024Topic: Source of Income Ordinance in KCMOTime: 6:30 in person and via ZoomLocation: VFW Building 406 W 34th St We'll review the ordinance and talk about what it means for us, how we can continue to choose our tenants and how we can protect ourselves against charges of discriminationThe ordinance takes effect in August so we'll be preparing several sessions on fair housing reviews, screening best practices and work arounds to the ordinance.