It seems like you’re positioning yourself perfectly for that with the 50% rule, 750-hour test, and material participation.When it comes to underwriting multifamily deals, just keep in mind that depreciation is not considered part of operating expenses, but mortgage interest is.

Take the GC test.  

So good to know there is another option for those that want to test the waters before jumping in.

Less desirable and by no means luxurious but not dangerous, no intensive management needed, properties unlikely to appreciate much over time but very attractive from a cash flow perspective.

While there's been intense debate about banning STR’s, the strong property rights laws in Texas make such a ban a non-starter.

Run owner reports.After testing a few apps, one of them should stand out for you.

It’s wise to run different stress tests on your budget to see how it handles fluctuating interest rates, higher costs, potentially lower market valuations, or worst-case-scenario acts of God.b.

But we have a lot of interaction with guests before they ever arrive - we require a photo ID of whomever has booked our house (and the name and info has to match the booking info), a working cell phone number that we will send a test message to by text to confirm it belongs to the guest (or is at least in their possession), and we converse with them to let them know what to expect from us (and if we have any specific concerns we share those as well) - for example, this week if we had anyone scheduled to arrive we would be discussing the incoming hurricane. 

I would talk to a lender about the 3.5% FHA rules and regulations as far as the self-sufficency test goes. 

Going to test mid-term rentals on a studio unit above a coach house.