Problem TenantsOne of the biggest pain points for landlords is dealing with tenants.

The biggest challenge I can see for this is that I hear it's a pain in the *** for the seller to go through a local community bank and confirm their income for their approval for a mortgage, and there are local/community banks that will approve 95-100% LTV loans based on how profitable the deal is.

Be also mentally and emotionally prepared for the folks that think just because this is not your primary home, it's somehow less of a catastrophic event for you because others did lose their primary homes.That's why it's vital for you to form support networks with people who are in your same boat - ideally in the same community.This truly pains me to share - but most of the disasters I'm seeing across Western NC are going to be considered flood events and if you do not have a separate flood policy you will likely get no coverage.

Replacing locks every time a tenant leaves is a pain.

Its a product we offer, just doesn't get a lot of play, because its a pain to refinance that seller out down the road.

Those incentives can be great opportunities  builder pain is  very regional and product type dictates..

No pain, no gain?

Best regards,DragoThanks for taking the time.Regarding the Cozy reference, I am using Apartments(dot)com as an introductory free platform that seems to check most of the boxes and then determining where my pain-points are, if any, to help me pick from the plethora of more inclusive available options at a later time (such as TurboTenant, TenantPro, LandlordStudio, etc). 

Was it painful when water heaters had to be replaced or tenants skipped in the middle of the night? 

Couple things I wish someone told me when I rented out my primary in Katy:- your taxes will go up dramatically over time - cash flow is inconsistent- while Katy is a fantastic rental market it's still competitiveTo answer your questions: - yes, the homestead exemption will increase your taxes at a faster rate but you can protest them either yourself (I don't recommend as I've tried and it was a pain) or with a professional service- To start, you're either going to pay for books, classes, etc. or pay the school of hard knocks.