It has been in effect since early 2022, requiring licensing for STRs and max 180-day listing periods. 

The Texas 50(a)(6) cash-out laws have been updated.

If so, please update us. 

Rentometer shows $5000 average in this community, there is a rent comp that closed in February for $4600 with less updates and less square footage22324 Rushmore Pl, Boca Raton, FL 33428

I used to have several out of state investors who would buy houses in Memphis via the online tax sale auction, then hold them for a year so the redemption period ended, then they would hire an attorney to "quiet" the title which would take 4-6 months and cost roughly $5000 but then they had clear title and would sell it "as-is" to other investors or hire me and list it on the MLS and get higher offers. 

Are they more/less updated?

And if you try to sell it with an old roof, chances are the buyer will want you to give credit or change it.Please make sure these numbers, insurance, tax, rents are actuals.The electrical may have aluminum wiring, which may need to be updated, and some plumbing means none has been done.The value would be can you increase rents when they come due?

With our town and maybe yours, any major alterations (work over 50% of the property) will require updating sewage and plumbing to the main line <- this is quite expensive and luckily we didn’t need to do this.

Like-Kind Exchange Depreciation OptionsOption 1: Generally, taxpayers must depreciate the carryover basis of property acquired in a like-kind exchange during the current tax year over the remaining recovery period of the property exchanged.

Good luck and keep us updated with what you plan to attack!