Hi Moustafa, congratulations to you and your wife on your marriage and for thinking ahead about financial independence!

Bureau of Labor Statistics (BLS) confirms Texas added the most jobs in the nation from December 2023 to December 2024 with a gain of 284,200 nonfarm jobs, significantly ahead of all other states.

Removing all skills from the equation, if you don't take a break from participating as a real estate investor in some way each day, you will stay far ahead of everyone else who keeps subbing themselves out and then asking to get back in when the game is already out of reach.

But you could always request an inspection checklist from your Section 8 and start getting those things taken care of ahead of time. 

This extra year gives property owners more time to schedule inspections and make necessary repairs.Key Points:Applies to multifamily properties with three or more units.Covers balconies, decks, and elevated elements made of wood or similar materials.Inspections must be completed by licensed professionals and repeated every six years.Hazards identified must be repaired promptly.With the extension, now’s the time to plan ahead.

We rent our current residence but we are in our 40s with no retirement and no home that we own and just cant seem to get ahead these days! 

There should have been but this was missed in the rush of holidays and high traffic.

If you think ahead, you can minimize recapture with the right tax planning.So what is recapture?

I handle payments by draws and I must always be ahead and work versus payments.

Quote from @Ashish Acharya: Looking ahead to 2024 and beyond, you can treat it as an STR if the average stay is still under 7 days.