Adjust cost basis - This is the purchase price, plus capital improvements, minus depreciation.

Also, if anyone has any experience in land purchasing I would appreciate any tips or websites on how to find the best deal or agent for the same.

This is in the east side of Buda in 78610Property price is around 340,000 and the monthly payment for 80% mortgage at 7.125% with property taxes (2.32%), HOA and Insurance comes out to around 2,600$Rental comps suggest around 2200$ gross monthly rent. 

This is due to different owner structures, not that each property needs an LLC.

-With my current role in my career and trajectory, I will be able to make the move out of midland in 1-2 years, so I would love the ability to leave and not worry about my home sitting on the market when we are trying to buy a home in Austin.Those are some of my thoughts and I would love to understand the reasoning for/ against this.

I figured I’d share the mess and see what you all have picked up from your own building adventures.So, picture this: a good friend begged us to build them a custom pool house—high-end, fancy, totally outside our Class B wheelhouse.

I am out in Myrtle Beach SC and we have a few different meet ups out here

Just check the facts and figures.Like you suggested, there are various opinions, which are all valuable and it's great like that.

If you ever want to chat or need advice, feel free to reach out.

If you achieved this by paying all cash, then you are losing money.