What kinds of policies do you think might help ensure ongoing affordability as Texas continues to grow?

Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!

Hence if the lease clearly has terms against this and section 8 is supporting the rent, that is your best bet to ensure the tenant complies with the lease.

However, it’s important to ensure the area is safe.

I'd suggest checking local Airbnb/VRBO data or using AirDNA to see occupancy rates and average nightly rates in the area.

I highly encourage everyone to view the property before putting money down, but that's not ideal for many of them, so I do allow them to rent "sight unseen," but I am very open with them to ensure they don't show up and back out.1.

For market pricing, I collect LTR data from BP rent calculator and multiply by 1.5x.

Ensure that you thoroughly review your state regulations and display the necessary notices before changing any locks or removing any items left behind.

First thing I'd look is the zoning for that property to ensure ADU/multifamily is even possible.

It’s a good idea to work with a qualified intermediary and a tax advisor to ensure everything is structured properly and you’re clear on any tax implications.