I own 20 acres of land valued at approximately $80,000, and I want to build two short-term rental (STR) units on it.For context, my family already owns two long-term rental (LTR) units in the same general area.

Purchase price: $237,000 Cash invested: $11,850 Converted my primary residence to a Cash-Flowing Rental Property to a Section 8 Long-Term Tenant in a Class B neighborhood.Purchase in Sept 2019 Purchase price: $237,000Cash invested: $8,900Converted the Game room and Office room to a standard bedroom to make it a 6-bedroom 3.5 bath which increased the monthly rent from $2,400 to $3,215.

I rent through Furnished Finder which has a standard rental contract. 

Have we gotten to a point in this industry where a property is more attractive by short changing the true fundamentals and classifying the property an affordable housing opportunity? 

I want to keep away from any short cuts , I am not looking to take large cuts from sellers (I’m a true agent at heart and looking to serve my clients) .

In terms of appreciation as well.

If transferring the property to an LLC, be mindful of the due-on-sale clause, and note that an LLC itself does not offer tax savings unless electing S-Corp status, which is rare for rentals.To maximize tax benefits, consider cost segregation, bonus depreciation, and short-term rental (STR) strategies, which could allow you to offset W-2 income if structured properly.

Is it complex to service the contract myself?

(FWIW,$8K on just the compressor seem excessive.)Otherwise, unless your contract with your GC says they will provide 24/7 surveillance, or you can prove the AC was never installed, you own the problem.If the property has been vacant for more than 30 days, most policies won't cover vandalism unless you have added a Builders Risk Addendum.

My name is Rami, and I’m a short-term investor doing business in Texas, with a strong focus on the Dallas market.