Unless you are an experienced builder, securing a bank loan can be difficult, and hard money loans often have high interest rates, which can become costly if your project faces delays.

We use a lot of caulk on damaged wood to help fill in gaps, etc - especially up high on the sides of houses.  

At these rates, it seems like it would be better (for now) to wait on the sidelines and get a high-dividend REIT.So my questions are:1.

I spend the money to buy in high quality neighborhoods with high demand for rentals ... as such I have never once had a good tenant leave because I have raised rent, and if that ever were to happen I would have absolutely no issue replacing them with another good tenant in short order.

Hi Kelvin, not sure about TX but here in NJ prices are already too high and interest rates are pretty high.

I charge 10% of the monthly rent, and if I have to go to the property in person for a routine inspection or to oversee a large job or high ticket estimate, Its $25/hr + $0.50/mile driven.Hiring a professional manager is ideal if you dont have the patience, mental space, or availability to receieve random spur of the moment repair and emergency requests.

You can rent by the room, which can maximize rental income.Parent Guarantees: Many student leases involve co-signers, usually parents, which can provide additional financial security.Low Vacancy Rates: Due to the high demand, vacancy rates tend to be low, especially if the property is close to campus or in a desirable student neighborhood.Flexible Lease Terms: You can structure leases to fit the academic calendar, which means you can adjust rents annually based on market conditions.Cons:High Turnover: Students typically stay for shorter periods, leading to higher turnover rates.

So, I thought I should sell, take the profits and put into high interest account, rent a room for myself for about $1100 per month with all utilities included and that way I can save additional funds for a year.

Which one rents out fast and is in high demand around the austin metropolitian area?

You can get into a DSCR program in the high 6s depending on the DSCR ratio, LTV, Loan Amount and credit.