One key takeaway for future projects is the value of hiring professional painters.

We're new to real estate and would appreciate advice on our current home in Texas and our future place in Oregon.We love our house in Austin and aren't ready to sell, but as a long-term rental, it would yield (from what I understand) negative cash flow, covering principal and interest but not taxes and insurance.

But also with low debt or free and clear property that they can easily access any time in the future with a cash out refinance.

My concern is whether I’d then be locked into only larger deals in the future. 

The recipient inherits your original cost basis, which is used to calculate their future capital gains when they sell the property.

Good point, if you have plans to sell in the near future, could be better to wait.

It seems like the perfect place, BiggerPockets, for finding people who are like-minded, asking them questions, and learning how to become a future investor.I believe that no matter how unforgiving the market may seem, the right tools, knowledge, and preparation can help minimize risk and create opportunities.

Rock that for about 12 months and add some equity and then you could refi out to conventional so as you pay it down in the future the mortgage insurance will drop off.

Not to mention the economic development steps the town is taking in ensuring the growth of town (roads, schools, zoning) stays on par with the future expected population growth and new jobs that are going to be a result of the new factories opening.  

Hi @Greg StrunakScaling an Airbnb business is an exciting yet challenging endeavor, especially when it comes to managing the finances as you plan to pay yourself.