I thought this was strange, and they commented they wanted to buy it because they had a large gain and wanted to buy it to offset these gains.This was an immediate red flag.

It will probably be helpful to share our knowledge and work towards the same goal.I’m also open to helping out in other areas to gain experience/knowledge in the field so if you need a hand please don’t hesitate to reach out.Looking forward to meeting you all and excited to join the Bigger Pockets Community!

You have areas where property taxes are going up too fast based on the over valuation of properties  ( tax on unrealized gain ) .

Then start finding properties and I would encourage you to lean towards finding less riskier versions of that strategy at first and get your feet wet, and after you gain some experience you can start evaluating different options and offshoots. 

Not getting at least a title search is off the wall crazy.Land contracts/trusts will work but they are passive trusts and individual liability will continue. 

I’m considering purchasing a rental property or two in the Dallas area to use as a STR revenue generator and get my feet wet for some passive income before I retire.

The overall gain on the sale of the original property was over $500K, and I received $500K in cash.

Even the modest 4% annual appreciation equals wealth gains far above any monthly cash I can make on a rental.

Everyday that the property is vacant you lose money that can never be gained back.

Short term capital gains for our bracket would be 20%.