And while short-term rentals are the big draw here, there’s also growing demand for mid-term rentals from snowbirds and traveling professionals, as well as long-term housing for the increasing number of permanent residents.Yes, higher interest rates are a factor, but the strong rental demand in the Panhandle often helps offset those costs.

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

@John Perkins Help you find lenders that can increase your profitability on your projects and perhaps help you scale!

the property’s rehabilitation is scheduled for completion in 2025 and the rent will subsequently increase, can I proceed with a cash-out refinance based on the current rent roll?

It will be cheaper than our mortgage and our incomes will be increasing.

The 24.9% share is greater than the national average of 13.8%, according to CoworkingMag.The Austin metro had a 261% increase in teleworkers between 2014 and 2023, the report found, which is above the national average of 207%.https://www.kxan.com/news/local/austin/report-austin-leads-u...

Additionally, the house is 25 years old and could use cosmetic updates to increase rental appeal.

I would slow down and think about your BUDGET, what you can get for $30k, and how you can increase your income.

The state laws (do not quote me) appear to not let these companies increase rates (or its not easy) to pick up the losses.

I recommend you do this annually to adjust for utility increases and other variables.