Also, if you really want to use FHA for your next purchase, you'll want to dig into the 100-mile rule to see whether it will impact your situation.

I feel like I e read before that 25% of net profit is a good rule of thumb to set aside for those taxes, but what have you all found to be true? 

That 6 ft privacy fence is a good start, but you could also include separate entrances, designated parking spaces, and clear instructions about shared spaces (if any).Noise Policies: Include quiet hours in the STR house rules (e.g., after 10 PM).

Rents are anticipated to be 2250/mo so it fits nicely with the 1% rule. 

Others follow the 1% rule, calculating annual maintenance costs at 1% of the property value.Property managementHiring a property manager can help to eliminate the stress of residential real estate investing.

Hone Microsoft Excel skills by creating 12 tab pro-formas to practice 1% rule underwriting on $100K single family homes. 4.

My personal rule is to give 10% of the money I've received.

Make sure you understand the rules! 

Check local regulations.First, verify that your local zoning laws, HOA rules, or condo bylaws permit renting your property.2.

San Antonio offers more relaxed rules, steady tourism, and possibly lower property costs.