My biggest STR home run was purchasing a property in a vacation market before STRs were common.

One common advice I have noticed is purchasing a duplex or multi family home in your area or at least 30 miles within proximity.

Here in TX the soil is mostly clay, and it shrinks and expands with humidity level (thus the need to "water the foundations" as a measure to avoid foundation cracking), so foundation problems are a common occurrence.

This scenario would require a zoning variance but plays out better in front of the ZBA as a pro se appeal well.

I'd like to chime in on a couple of the common misconceptions that a lot of people here seem to have, both with education in general and with Renatus in particular.First, the concept that Renatus is MLM. 

I don't know that I would ever feel comfortable turning over my customer service to someone who only knows a few common English phrases (Unfortunately, yes I understand, I am terribly sorry, etc).  

The real kick in the pants is that EVEN IF the doomsday scenario occurred, since the price point is so low the property would still cash flow as a SFR - but the underwriters don't want to hear that. 

Maybe we can find a mentor or local agent who specializes in our scenario.

Hey @Chryl WilliamsI've never run into this scenario where someone is being overpaid due to tenants having multiple voucher/programs... but I would keep it as is since the city typically is pretty thorough about issuing these payments. 

Hi Amber, Is this a rent by the room scenario?