@Morgan TondreThank you for recommending me as someone who can help @Cole Dobbs

If you want to discuss more, don't hesitate to DM me.

Quote from @John Mason: @Abigail Katherine Grier Welcome  to BP where you will find great investors and advice usually:)There are groups likehttps://www.meetup.com/impacttyler/Hope that helps Thanks so much! 

•Homes that accommodate more guests (more beds, larger spaces) tend to perform better, but they may also experience slow seasons.

Little Elm and most cities in DFW are not walkable location so they need a car to move around.Many things to consider, and there are only a few that I know that have done it in a short scale.Happy to connect and rainstorm more.

I would be leery of borrowing more since you already have debt to pay off. 

Once you have your goal figured out it will help you dive what areas make sense for your goals and budget.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

This will help attract more business to the state, keep it coming! 

And, more importantly, unlike many other statutes they are actually rather easy to read, comprehend, and sort through.