As well those government guaranteed section 8 rents have been consistently increasing every year. 5 Bedrooms are now renting for $2000 plus tenants pay ALL utilities. 3 Bedroom Duplexes are up to $1650 x 2 a month = $3,300 + they pay gas and electric.

However, you can only get a federal tax deduction for the state and local taxes you pay on real estate that you own, such as your main home, a vacation home or bare land.

I just graduated and am currently working as an intern at a government agency (for up to one year).

Legal Knowledge: Understanding local, state, and federal laws is essential.

(Remember the claims a certain former federal prosecutor and mayor of a major city would make outside of the courtroom…. only to not be able to make any such claims once in front of the judge?)

The mortgage is secured—or collateralized—by the house, the buyer’s name goes on the title and the mortgage is recorded with the local government.2.

Building permit lists are public records that document permits issued by local government authorities for construction, renovation, or demolition projects.

For the 10 year period spanning August 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.5%.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve is predicted to cut rates as many as three times before the end of 2024 (see here).

When it comes to renting to Section 8 (S8) tenants, there are definitely pros and cons to consider:Pros of S8 Tenants:Guaranteed Rent: The government will pay a portion (sometimes all) of the rent, so you'll have consistent cash flow.High Demand: There's often a waiting list for S8 housing, meaning less vacancy time.Cons:Property Inspections: Your property will need to pass regular inspections, and repairs/maintenance must meet specific standards.Tenant Screening: Just like with non-S8 tenants, tenant quality can vary, so thorough screening is still essential.As for the down payment, yes, most lenders will require 15-25% down for investment properties.

The long term capital gains rate for many people is Federal 20%.