I could care less about the "tax break" angle as that is your distraction. 

Also recognize that construction costs will be 2-3x more expensive in this area than they were in Pittsburgh so be careful and make sure to understand pricing before going into a rehab. 

Be careful with new build communities that won't be fully built out during your hold time horizon.

I wish you the best in your RE journey and would love to share my knowledge if you ever want to meet one-on-one.Take Care!

As much as I wanted to make something in Texas work, there was just too much demand from 2nd home buyers that drove up prices to a point where investment returns, even in 2021-2022, were tight (vacation home buyers that didn't care about the investment return and just wanted a beach/lake/hill country home for personal use). 

Some of them messaged me to say be careful, as they felt I was being encouraged by the program to have a wreckless disregard and take a dicey flip gamble and lose money.

What makes it harder that I didn’t add was I have a 1 year old with a second kid due in December, we have day care which makes work during the day doable. 

Purchase price: $90,000 Cash invested: $50,000 Sale price: $289,000 4 family building purchased in distress in Mount Pleasant neighborhood, previously owner occupied for quite some time, the owner could no longer care for it.

Each lender will be different, but when using DSCR your terms impact your debt-service ratio so it will be important to get that taken care of earlier rather than later.

I was thinking more auto shop, lawn care, electricians, etc.