I might have a partnership opportunity for you in San Diego but still gotta figure out some details. 

STRs also avoid automatic classification as passive if rented for seven days or fewer per tenant.To maximize tax benefits, maintain detailed logs of all hours worked on activities like tenant communication, cleaning, maintenance, and marketing.

To give a little more detail, these houses are in 2 rows, 4 on each side, so the line starts at the public street line, does a U-turn at the end houses then back out to the street.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Quote from @Chris Lo: Which platforms/websites do landlords use to find the rent rate, how long the rental properties have been on the market, and all the details about other rental properties?

I would keep detailed records of my deals to include photos that I could use later when I am approaching a potential funding partner.

Also, as I prepare for estimates, would be helpful to know where my in year deductions actually are.  

Your estimate seems low, but even at that cost, it will not add that value.  

Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!

Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).