If anything, at least wait a year so you don't pay short-term capital gains on the sale of the property.I need to find some more deals like that here in Chicago...where in Houston was this property?

Simplified Approval Process - SB 9 requires ministerial approval for eligible projects, meaning they bypass discretionary reviews that often involve lengthy public hearings and bureaucratic red tape.

Preparing a tax return with one long-term rental is not rocket science.

Year 3 and Long-Term ROI: $3,102 Principal Paydown year 3 (this will keep increasing each year as you pay off your mortgage $21,600 Property Appreciation (assuming 8% per year) $2,568 Yearly Cash Flow (this will increase as rents rise)Total Gain Year3: $ $27,270 giving you 113.55% ROI on your $ $24,015 left in the deal.

The other thing that I would look at is private money too you can get it for cheaper and less pricy as they can make their own terms with their money.  

They have taken strides to pave the way for ADUs - here’s the implications for real estate investors.It's crucial to understand Raleigh’s zoning rules for ADUs BEFORE deciding to implement this strategy on your current or future long term rental, Airbnb, student housing, MTR, house hack, flip, etc.

In 2019, I launched my own revenue management agency to help Airbnb owners boost their income and achieve greater returns on their short-term rental properties.

Hi everyone,I’m Cole, and I’m exploring the world of short-term rental management.

We have a primary home, short-term rentals as well as paper investments. 

If you don't want that, I would sell it or put it into storage (which may not be financially feasible), but long-term renters are hard on furniture that is not theirs.