As a new landlord, familiarize yourself with tenant laws and have a solid lease and screening process in place to protect yourself.Be prepared for maintenance expenses by setting aside funds, and if managing the property feels overwhelming, consider hiring a property manager to handle day-to-day tasks.

•Challenges & Opportunities: What are some common challenges that investors face in this market, and are there any unique opportunities right now?

Some contractors will give you a line item invoice about how much each task cost.

Urban areas like Austin and Dallas are appealing for growth potential and job markets, but the suburbs and smaller towns offer more unique opportunities (lower entry costs and a steady flow of families and retirees seeking affordability and space).

I’ve been slowly integrating tasks so it’s not so overwhelming.

Each city’s approach can play a unique role, but zoning for higher density developments stands out as a powerful strategy, albeit a tough one to get passed.

I don't know many investors that have regretted outsourcing these kinds of tasks.

I'm in a unique situation where my DTI ratio is preventing me from buying a house at even half the monthly payment I've been paying in rent for years (I actually pay early every month).

Each strategy offers unique benefits, and it's essential to plan for seasonal fluctuations and consider cash flow vs. appreciation.Good luck!

Co-hosting could be locally based i.e. delivering towels, doing inspections, managing repairs and maintenance etc, or could be virtual tasks like communicating with guests and coordinating things virtually.