Investment Info:

Other buy & hold investment.

Purchase price: $1,100,000

Cash invested: $50,000

Short term rental in Bastrop TX

What made you interested in investing in this type of deal...

@William Stewart If you were able to find a solution, I would love to know - I am in the same boat now.

With the ever changing market, I'm looking to learn about how everyone else is finding solutions to the challenges we are facing. 

It's not a perfect solution, but for us, we don't change the availability of a unit until we have a signed contract.

For example, I have two STR high-income earners (making 140k & 150k) in Joshua Tree for sale with low expenses, where the sellers will stay on to manage it.Making sure you are keeping as much as possible from the tax man is a huge component and to do so you usually have to invest it.

Quote from @HMS Realty Home Mortgage Solutions: Have you thought about starting out with the first investment of buying your own home? 

If not, are there any other solutions you’d recommend?

I'm thinking that repairing the plumbing leaks and getting the soil dried out could be a permanent solution.   

It is a tool, has it's place for sure, but a far cry from universal solution. 

Sharing experiences and pooling knowledge might uncover creative solutions you hadn’t considered.While it’s frustrating to feel unprotected, focus on taking strategic, proactive steps.