Constantly juggling guest messages, cleaning schedules, and last-minute bookings can turn the dream of passive income into a daily grind.But with the right automation tools, STR management can be not only hands-off but also more profitable.

So I would like to get some help from people who are actually investing.I am aiming for a single family home or multi family home and I am constantly looking at properties around Austin TX.I am looking north of Austin to Dallas and south of Austin to San Antonio.However, Austin is not easy to find an investment property that generates cash flow considering the cost of rehab.Can you give me some advice on my first investment?

To fund additional investments, consider side income, creative financing or creating a timeline with your co-owner for converting property B into a rental to generate cash flow.

You’ll start generating cash flow immediately, but the returns might be lower.BRRRR: If you’re willing to be hands-on and can manage renovations, BRRRR offers higher potential returns and helps you recycle your capital.

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

The DSCR is a financial metric that measures a property's ability to generate enough income to cover its debt obligations.

Acquired 1-bedroom rental property, generating 30%+ cash-on-cash return.

That way you could rent out the first property and also generate income from your primary residence as well.  

Most experienced people are limited by deal flow, so you offering to bring them deals could be a huge value add to them.And while you are working to meet investors and source deals, I would be doing everything to clean up your credit.  

Now I just stick with a team of VAs that do my calls and lead generation and I handle all of the acquisition and dispo.