There are plethora of landlord platforms that force you to use their own 3rd party banks to deposit rent and charge $2.5-$5 per transaction to directly ACH into bank of your choice (ex: I love Chase Bank).

I fully own my townhome here in Las Vegas (valued at $400k+), wife and I would like to buy a larger home (around $600k).

It is effective Aug. 1, 2024.This ordinance is referred to as the Source of Income Discrimination Ban Ordinance" - which is identified in File #231019 and amends sections of Chapter 38 (Civil Rights) and Chapter 34 (Health and Sanitation) in the Missouri Revised Statutes for the purpose of classifying source of income as a protected trait in regard to housing discrimination.Here are some key takeaways from the attached ordinance:This ordinance bans discrimination against tenants based solely on:Source of income from an occupation, including gig work or paying rent in cash Use of public programs like Section 8 Housing Choice Vouchers, disability checks, or social security Poor credit score Prior evictions and alleged damages older than 12 months (less than 12 months can be a basis for denial) Prior convictions or arrests (sexual and violent crimes are excepted, a landlord can still deny based on these convictions)The ordinance also requires the city to proactively scan for rental ads using discriminatory language like "no Section 8" or "no past evictions".Landlords who are found to be in violation of the ordinance with respect to source of income can be fined up to $1,000 per incident.

Also very different behavior as far as how far in advance they book (the larger tends to book much farther out).

He swooped in and bought about 18 of these lots and reconfigured them and now has about 15 to sell and will realize about a $2M profit when all is said and done plus having his larger home lot paid for. 

I'm a bit further up the tax brackets and the tax savings could be substantial when buying more expensive properties thanks to the larger depreciation expense. 

If you are willing to put down a larger down payment it might make sense with the flexible underwriting they offer, especially if you are going to run it as a MTR. 

Then pursue a refinance to pull out your renovation costs, or sell when the market allows a larger spread between costs and selling price.The key is finding the right markets and deals that make economic sense for your flipping model.

.- Scale Gradually: Instead of jumping into larger, riskier investments, consider scaling by adding a few more single-family homes each year.

Here are a few tips for managing a rental in the DFW area:Screen Tenants Thoroughly: Conduct background and credit checks to ensure reliable tenants.Understand Local Laws: Familiarize yourself with Texas landlord-tenant laws to avoid legal issues.Maintain Good Communication: Establish clear communication channels with your tenants.Keep Up with Maintenance: Regular maintenance can prevent larger, more costly issues.Consider Eviction Procedures: Be prepared for potential evictions.