Never lend in second position unless you have the wherewithal to pay off the first.

I think the answer is more qualitative than quantitative - ie it’s not about how many deals or how big those deals are. 

Quote from @Jake Rauch: Hi what tools, websites do you use to decide on market to invest in?

overbuilt. just google Austin and over delivered or overbuilt and you'll find your answer. strong market, expensive land, expensive to build. 

New agents may struggle with periods of no income while waiting for deals to close.Solution: Budget wisely, build a financial cushion, and prepare for slow months.

How did you find this deal and how did you negotiate it?

HI @James TobinAs you get into the RE market, regardless of where you choose use this website as a good starting point to find out what the areas are likehttps://www.areavibes.com/Best of luck from Fort Worth 

You'll quickly learn how to manage investments well, which property types and neighborhoods work best, and more.

How hard to you want to work for the return, and how risky is it? 

Yea this is a long-term personal play more than a strict STR deal.