DFW is cracking down on STRs. 

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

Worried about the city cracking down.  

Readers should seek professional advice.

Use your skills to network with local investors and professionals by attending meetups in the Conroe and Houston area, joining online forums, and connecting with property managers or realtors.

Educate yourself with books, podcasts, and market research, define your goals, and build a team of professionals to support your journey.

Just be sure to check local regulations because some spots are cracking down on STRs.

However, when I’m told on the day of closing they need an appraisal and won’t be funding to close, that isn’t professional.

Most professionals will recommend a separate LLC for every $1 million in assets, but I don't think that's necessary.

Readers should seek professional advice.