There have been several cabin fires where people died.

Some strategies to lessen the negative cash flow are: house hack and rent out the other unit as a mid-term rental (to traveling professionals or for people temporarily displaced because of insurance reasons like fire) or short-term rental (business or vacation).

Most of the people I know that tried it realized you need to devote all of your time to one or the other to be successful.

Since it was a foreclosure and it was right before Covid hit, there were not a lot of people looking at it.

I think there's going to be a serious thinning out of STRs because of the overall market and interest rates, and people just getting fed up with the platforms, unless one of the newer no/low fee platforms takes off. 

People have a good time doing stuff is always a good thing.

What blew my mind through this process is how people calculate returns.

I'm hoping to hear some creative ways people are handling this part of the process.

IMO killeen is a solid investment. just have to watch which areas you are getting into. there are some pretty rough areas near fort hood but killeen is great because it is close enough to austin and people commute from there to austin as well. with fort cavazos near by and the new samsung plant coming online in taylor, it is a solid choice with steady demand for MF.

You should speak to your cpa but if multiple people are paying it then I believe it can be separated as long as it does not exceed the amounts paid and it must be legit