Hey mate,Those PM fee's seem solid and transparent.Same as the reserve.If someone wanted us to manage a 24 unit, I'd ask for $5,000 in reserves as we as a PM aren't a bank. 

McKinney schools aren't that good. 

If you aren’t interested in that type of work then look in to becoming a real estate agent or real estate appraiser, once again, something in the real estate field, pays well, and little to no educational debt to hold you back. 

Land trusts aren't really for protection, but anonymity and then the LLC provides the protection (to some degree, depending on what happens).

Hello Jovan, I would think appreciation is based on scarcity of the property, if you buy a home in a cookie cutter neighborhood, you probably aren't going to see a lot of appreciation. 

DSCR Loans in second position is not a thing - you might find a DSCR Lender that have other products that fit this need, like a Closed End Second or HELOC, but they aren't really "DSCR Loans" - I think you are likely looking for a CES (it is true however that you are correct in looking at the same place though, most of the lenders offering this on rentals are also DSCR Lenders)

But ultimately, there's one thing that rates can't fix - supply and demand.There simply aren't enough houses for the number of buyers that want them. 

I know the tools aren't always 100% reliable due to bad data so I'm curious if anyone here as experience with STRs in Albuquerque.It also seems like STR regulations aren't super strict at the moment - need to register for a permit and comply with various rules around occupancy limits, acknowledgements, etc - nothing too crazy.

Banks have tightened their lending requirements which aren't allowing most people to qualify.3.

I agree with the need of a furnace.Most mountain cabins have hot tubs.Emergency generators aren't cheap, but great to have during a sustained power outage.I've thought a battery backup system might be a good compromise.