You can do this every year and max out rent without the tenant feeling the burden of rent going substantial amounts year over year. 

While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

However, I'd advise steering clear of Harris County, particularly in Houston, due to the excessively high taxes.

For the tax questions, I would hire a CPA :) Best of luck to you, and I respect the creativity!! 

If it's cash-flow negative is it going to be a burden on our finances?

Judging by the many recent posts on this forum, my title should attract a wide audience :)Is April 15th the last day to file my taxes?

(Rental loss = repairs or renovations exceeding rental income) If you are a high earner, you generally want to get advice from a CPA that understands real estate income & taxes, but here's a few thoughts:1.

LLC is a legal entity that creates no tax benefits whatsoever and has no tax purpose.

I am very curious at the STR loophole for tax purposes.

Ive seen people say to let the tenants know your the "property manager" or "one of the owners" to relieve the burden of saying im the "owner".