It’s a neighborhood that’s gaining momentum as more investors discover it.Key ROI Factors:Low entry prices compared to other urban neighborhoods.High appreciation rates as demand spills over from nearby areas like Berry Hill and Wedgewood-Houston.Pro Tip: Look for 1950s ranch-style homes with potential for open-concept layouts.4.

STRs require more hands-on management, but it’s a viable option for reducing your taxable income without needing REPS.You might also consider a cost segregation study to accelerate depreciation on the rental, creating larger upfront paper losses.

This year is the first year I will qualify as a real estate professional and be able to take some aggressive deductions through things like cost segregation studies.

When considering a Cost Segregation study, here are a few things to consider:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...Feel free to reach out with questions!

Based on the value of a property you can likely get away with a inexpensive desk top study such as condos and you will require a more comprehensive engineering study for larger properties like a 4plex.Desktop / modeling options are sometimes good for smaller residential like you mention. 

Study landlord basics, especially on what to include in your lease (going forward you will ALWAYS have a written lease).(2.5 Learn from mistakes and don't repeat them.)

I wish I discover BP when I first started investing then I wouldn’t have made some of my mistakes.Honestly though, going through the transaction itself will teach you a lot.

When they finally move out, you'll discover a ton of unreported maintenance and possibly damage caused by failure to maintain.Landlords should encourage tenants to report maintenance issues.

If you haven't done so, you may want to get an estimate for a cost segregation study on these units.

Study disqualified parties and prohibited transactions.