If USPS is slow, tenant is subject to late fees and even eviction.

As always, make sure to run the numbers carefully and factor in local property taxes and HOA fees, which can vary widely in North Texas.Delayed gratification is key in real estate investing, but with patience, the rewards can be life-changing.Best of luck with your search

Are there any lenders or ways to finance the entry fee for subject to deals?

I am planning to get into the TN real estate market as my first investment and am looking for some information.In particular: Areas to steer clear of, property management fees, typical cosmetic rehab costs, etc.My strategy is to put large down payments on 2 properties (relative to housing prices) to help pay for my living in NY while still gaining appreciation in a growing real estate market.

The fees they tack on AFTER you invest hindreds of thousands of dollars is just nuts!

According to your numbers, I would say to keep it as a STR but as a few others have said, look at different vacancy rates as well management fees.

Getting the application and fee for the first lease completed now.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Negative cash flow with high HOA fees is a red flag.

I know this seems low, but the way I see it, this is how much the buyer would potentially walk away with if they posted it on the market and minus all the fees and concessions so I am getting them to that number with none of the hassle and removing the issue of a looming foreclosure.