A good rule - as long as the plumbing and electric has been updated, a well-built home from the mid-20th century is a better investment and will likely outlast a newer build.Credit to the respective author

There are rules to follow!

Most landlords have a 3x rule on income which means at 3k a month for your rent, the tenant would have to have an income of 90k a year or more.If somebody was making 90k or 100k a year, I gotta think most of them would likely be buying a home instead of renting. 

@Shelli Neal  Not sure what the rules and regs are for STR in Plano, but I think I would pick a different city. 

No local oxford reps that manage the individuals in the home, but just home owners who run the homes alone, abiding by the rules of the oxford home.

There are a lot of rules to be aware of, but I'm a big Self-Directed IRA fan. 

There is an abundant amount of deals beating the 1% rule there.

These are expenses incurred before your business is active, and they typically aren’t immediately deductible in full, as they are considered part of starting the business rather than ongoing operational costs.To provide more detail, according to IRS rules (as seen in the screenshot), you can deduct the lesser of $5,000 or your total startup expenditures.

I previously tried to do this and was told its against MLS rules by my broker who is on the board for North Texas.

@Andrew Steffens gives pretty good “rule of thumb” numbers.