I’m considering amulti-family property in the 76104 zip code of Fort Worth, TX, and I’d love your feedback to help determine if this is a good deal.Property DetailsAsking Price: $169,999 (seller says it’s negotiable).Current Rental Income: $2,400/month (duplex is vacant).Configuration: Combination of duplex and triplex units.Some units are rented at below-market rates.The duplex and need rehab.Historical Income: Seller claims it previously brought in $5,000/month when fully occupied.ConditionBuilt in 1934, so it’s an older property.Some permits were recently pulled (e.g., plumbing, window replacements, and sheetrock repairs), but it still needs work to get the vacant units ready to rent.It’s located in a neighborhood with a higher crime rate but also near major highways and areas with rental demand (e.g., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

HI @Eric AndersenI have had some past clients who now have STR/MTR Airbnb's in Fort Worth.

I live in Southwest Florida.There are different areas in Florida such as the Panhandle (near Alabama), Orlando, Ocala, Jacksonville, Fort Myers, Miami, etc... all have different school systems and real estate (i.e.

Hi Isaiah, I am based in Fort Lauderdale and can speak to the local market directly.  

Dallas-Fort Worth offers growth and opportunity, but smaller markets like Sioux Falls or Des Moines provide stability.

The group meets 1st Saturday of each month in the Southwest Fort Worth area.

Also something to note, I live in the North Fort Worth area and be aware that there is some school district drama brewing in Keller ISD that covers much of 76244 and 76248.

Quote from @Jaycee Greene: Quote from @Dave Bobka: That's right, been eyeing all of those as well was Fort Wayne, INWhat about something like this in FTW: https://www.realtor.com/realestateandhomes-detail/3207-Clint...?

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

With substantial equity in your Fort Worth rental, a cash-out refinance could free up funds to purchase additional properties.