We have increased our monthly rent to price ratio from your ~0.75% to 1.1% but the leverage ate up all the extra cash flow (even if the total return is likely higher).You could be a cash buyer and go from your one property to 20 and cash flow 20000/mo but you are still having to buy and manage 20 properties.You can do better on the total cash flow in other markets or rougher neighborhoods, but the story is similar: you are getting an extra ~25-35% in income for 20x the hassle.

Does anyone know of any folks in the Austin, TX area available to show properties to potential tenants?

CA doesn't have an extra $30b/$40b laying around to do that, not to mention the additional billion to actually do the project to be build ready. 

Happy new year, folks! 

-Have an extra umbrella policy-Speak with my real estate attorney to make sure I did enough to limit my liability. 

There is usually extra charges on closing to pay for that service… but it is minimal.All the best!

The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.

Are there folks that are successfully doing STR in this market that aren't in the hotel zones?  

Looking forward to learn from folks on these forums!

Hello, Wondering who folks use in the southwest suburbs for waste hauling/dumpster service, regular pickup.