Of course capex does come into play, but I have a lot of factors on my side including most major components of the property have been replaced already, including roof replaced 2 years ago, water heater replaced 3 years ago, full house was just repiped, septic system is 5 years old, HVAC system replaced in last 7 years, i do not cover appliances with warranty in my rentals, and the tenant I placed in the property is a single dude who works 60 hours a week and just needs a place to sleep.

Some real estate agents think because the funds show more they can play tougher, but I always let them know the funds in there are for specific deals with this one being priced where my bid is.

Some of the further out areas seem like a good investment and appreciation play but I personally don't want to live out there yet. 

I am also considering selling the property next spring so this would be the last lease and I don't to play nice. 

Each market has its quirks; like, San Antonio is all about maximizing cash flow, while Austin tends to be more of an appreciation play.

Single-family home prices and rents are primarily driven by supply and demand dynamics, with interest rates playing a crucial role.Supply:Existing homes for sale have hit a near 30-year low.​​

He has also played a key role in facilitating communication between the new tenants and myself, ensuring a smooth coordination of arrival times and addressing any specific needs they may have.

Be patient. these are mid-term plays, so you must be prepared to go without the cash for several years.

Use those tools they will play nicely in this industry as well.If you ever want a Hard Money tutorial or tips on markets or how to identify a good project then just PM me.

Clearly, he’s not just playing in the STR game; he’s changing the rules.This was a recent feature from our weekly STR newsletter here at BiggerPockets is called BiggerStays.