I also live in Tomball and have a similar need for a CPA with heavy RE / investment income experience.Matthew

Now they charge for every single stupid thing and when their system wouldn't allow me to toggle my subscription from annual to monthly (because i was planning on going to a different CRM) it charged me for $3800 for the year and they refused to refund and go to monthly.

Focus on high-demand rental areas (suburbs for multifamily, tourist/business hubs for STRs) and consider scaling with the BRRRR method to build passive income.

You spend a lot of time and money having people do this work, and at the end of the day you don't net any more income compared to a long term rental.

So, we bought the property 2 years ago, based on the valuation of the property considering income from 6 units.The sale deeds (from 2018- 3 sales) I could get from the City and the property tax statements (2023,2024) show that the property is zoned as 411 (apartments).

My base income is ~$95k per year.

Hi Hayley, yes, this is an actual strategy called income hacking!

I have lived in Hawaii for many years but now that I’m a traveling healthcare provider, I am off island more often than not.When I’m not on contract I would love to have a place to return to and when I’m away I would love to rent it out for some additional income.

If I believe I can generate enough profit this year and navigate any potential inspections next year, I’d be comfortable moving forward—using the income earned to cover any necessary upgrades.An alternative exit strategy is to document the financial performance and sell the property as-is, highlighting its strong short-term rental income.Think through your next five moves, from best to worst-case scenarios, and make a decision that aligns with your goals. 

@Sean OvercrestThe transaction that you've proposed has several different tax implications: income tax, gift tax, estate tax, and yes, property tax.