Happy New Year.I grew up in Dallas, graduated at Lake Highlands,  and my sister manages a complex in old East Dallas actually.  

There is a condominium complex that is fantastic for short term vacation rentals.

Long-term leases are less operationally complex and face fewer regulatory risks - more stable and scalable option.

Hi Henry,You’ve mentioned some excellent points about the complexities of scaling a portfolio in Europe and the importance of understanding local markets.

The iconic burger chain has confirmed plans to open its second-largest location at the BLVD shopping complex across from Aria.

With 2 rentals, i would keep it as simple as i could and one bank account is less complex than 2.  

What if you have an apartment complex with 20 units?

Look around your town and find some relatively new apartment or condo complexes- who built them? 

For costs, you’ll typically need to budget for title insurance (usually around 0.5%-1% of the purchase price), attorney fees (varies but can range from $500-$2,000 depending on the complexity), and closing costs (might include recording fees, escrow fees, and other admin costs—generally $500-$2,000).

The sales comparison approach is typically done for residential real estate and will be less appropriate and come in under value because there are no good comps, and even an appraisal using the income approach (unless the appraiser is trained to do more complex commercial appraisals) is probably not going to be the most accurate either because they typically use market cap rates and in this case you don’t have good comparable income properties to find the market cap for the analysis.