I was the Listing agent and sold the property in 3 days.

@Devakumar Sai Chinthala There are income limitations for passive losses, you should check with your tax professional.What will the property taxes increase to after you buy the property?

When a lease ends they’ll suggest new rents and if the tenant hold be offered a renewal. some will offer to transfer utilities for you when it goes vacant, all should handle the transfer when a tenant moves in  With 10 properties I don’t “talk” to my PM more than 2-3 times a year.

What type of properties are these and what do you mean by it not being "cost-effective" for you?

I have a seller that has a property that would be a good deal to develop for new construction.

Right now, you have a property with a great equity position, solid cash flow, and cheap debt (interest rate is low). 

I will start by fixing and flipping properties.

As an owner you're allowed to manage your own properties.  

This is in the east side of Buda in 78610Property price is around 340,000 and the monthly payment for 80% mortgage at 7.125% with property taxes (2.32%), HOA and Insurance comes out to around 2,600$Rental comps suggest around 2200$ gross monthly rent. 

Many of the properties I have been looking at have issues but in this case I'm working with the seller to let me get it up to conventional appraisal standards before they inspect it.