Your profile mentions that you are a real estate agent - You want to have a conversation to see if you potentially are eligible to claim real estate professional status which would allow you to treat your rental losses as active instead of passive.Also have a conversation if you are required to make estimated tax payments since there is no withholding on your commissions.Lastly, your profile mentions you are in Florida which does not have a state income tax which opens you up to more options for choosing an accountant.

Identify your investment goals first, then choose a market that aligns with it and establish your Core 4 Real Estate Team.

1. List every town you have ever lived in.2. List every town where your closest family and friends (only the ones you trust) live.3. Check those two lists against all of the lists and articles you have been reading to...

This takes a little more work, but it's the fairest and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

We bought much of the furniture new, choosing premium quality for the main rooms, and supplemented with discount deals online or some lightly used items.

The city's growing number of people and its economy might also help raise home values and the cost to rent.Start by looking at your equity, research the rental market in Lubbock, check out properties with tools like BiggerPockets rent calculator, talk to local pros, look into money options, and choose if you want to run the place yourself or get a company to do it.

This understanding can also assist you in choosing a property management company wisely and determining if they are acting in your best interests.

You can choose to spend a couple weekends painting your outdated kitchen cabinets yourself, or opt to have them professionally resurfaced.

So, choose your strategy, but if its Airbnb, you should be developing a strategy to deal with legal/regulatory risk.

You could choose the absolute best market in America with the best upside, best deals, best location but if you have weak team members such as a broker, contractor, lender, and property manager your investment will surely experience hardships.