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I'll take whatever tenant makes the most sense but I'd prefer a cash paying tenant.My experience is in the Detroit market FWIW.

This would be a niche market that would attract some and turnoff others.I think it would be better to appeal to the masses.

You can already write off expenses like mileage and meals as a sole proprietor, which is essentially what you’re doing now.For BRRRR, keep in mind that refinancing a property owned by an LLC can be more difficult, as many lenders prefer to deal with individuals.

Beyond that everyone has their own niche or strategy.

I’d appreciate some feedback on my current approach and advice if any.Here’s what I’ve done so far:Pre-Approval: I’ve secured a pre-approval amount and interest rate from an online mortgage lender.Property Analysis: I’m using the mortgage and STR calculators from BiggerPockets to assess the financials for potential properties.Neighborhood Research: I’ve been exploring different neighborhoods using Niche to get insights into schools, safety, and livability.AirDNA: I’m considering subscribing to AirDNA for data on occupancy rates and rental income estimates.Questions:Is AirDNA worth the investment for STR data?

Hence if I were in your scenario, I would be targeting properties in the Texas market, preferably at least an hour or so away.

Personal referral would be preferred:-)

It’s completely normal to feel a bit of analysis paralysis, especially when you’re in a position to make a move.The choice between a short-term rental (like Airbnb), long-term rentals, or a duplex comes down to your personal preferences and lifestyle.

Finding DSCR lenders willing to take a second position can be challenging, as many prefer the security of being in the first lien position.