Pete initially and once I feel comfortable with the process, I can start to branch out to outside the area and even the state.

Kyle Zochert:Be very careful.In Texas, once a lien on property is filed, it is on file forever and part of the chain of title until it is released with a Release of Lien.You can research this yourself in the County records, and find a level of comfort depending on your experience with this.You can even buy someone else's opinion regarding whether or not there is a lien on the property.  

A good option is to speak with your lender and ensure they’re comfortable with the transfer or consult a real estate attorney for advice on how to proceed without disrupting your financing.

As mentioned above it depends on the metro but I would make sure I was comfortable with the LTR rate before pulling the trigger on an STR. 

Land contract is what would work best for you in that environment.

Having trouble analyzing this deal as there are so many variables and I do not have the experiencing analyzing deals to make me feel comfortable taking the risk.Purchase price of the land would be $250,000 not including closing cost or fees, and construction for a new 3/2 home with an attached 1/1 ADU is estimated to cost around $300,000 - $400,000 finished.

If you're just starting out, I recommend getting comfortable speaking with sellers over the phone.

DMU is the closest to a campus environment, but it's small and it will be relocating to West Des Moines soon so I'm not sure what that means for those apartments...Maybe Ames is worth a look if you are actually looking for college rentals. 

As you've mentioned, markets have experienced staggering increases, sometimes in the triple digits, due to natural disasters, inflation, and changes in the insurance industry.Adjusting ExpectationsIn my opinion, underwriting for 5-10% YOY increases seems much more aligned with the current environment.

It's not a risk I am comfortable with but some people are.