It's almost a full time job trying to figure it out if you want to get into the intricacy's of it.

But figuring out your strategy whether its LTR, MTR, or STR I would focus on proximity to the university and other attractions of Waco, as they say... location, location, location, it's still very true. 

I shouldn't need to obtain a variance since the property is RM1 by right, but doing my due diligence to figure out these moving parts now.

@Robin Gravlin seem the TX property ASAP before anyone figures out it's in the same LLC and liens it.

The assignment and transfer for a free is getting compensated for the sale of real estate without a license, but people have figured out how to get around it.In short, if you are thinking of getting into wholesaling, you have to ask yourself why.

Let's hope they've figured out how to co-exist and that will be the end of it.  

Sure it can be a write off, but my question is if it is the highest and best use of your time (or the given employees time) to be running a skid steer - transporting it, storage, maintenance, cleaning, etc, and if it still makes sense if you need to hire someone to run it for you and take care of the other things.Add up all those recurring costs - maintaining the machine, maintaining the trailer, having a large enough truck to tow it, insurance and registration for all of the above, your time or your employees time related to all of the above...even at $14k a year it might be attractive enough to keep paying that and having them drop it off at the job site for you.A brand new machine could easily cost you over 6 figures - that's 7 years of rentals at $14k/year before including all the holding costs. 

Hi Alecia, I love the idea of making myself a niche between engineering and real estate -- the trick is figuring out what that will be.

Best to buy 2-4 unit, live in one, rent the rest.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I'd love to hear if you all figure it out.