We're likely in decent shape the next year or so, but in my mind, inflation will be key to watch. higher inflation will mean higher rates- may be good for property values if the overall economy stays strong, but inflation will likely raise interest rates. 

I frequent the MKE events.Leverage Your Skills: Highlight your project management expertise and strong contractor relationships when negotiating deals.

I recommend just getting to work with someone who has a strong knowledge of the investment space and can connect you with multiple options.

Long term Texas should remain strong for multiple strategies. 

So you're in a strong position. 

Full Occupancy: The property achieved full occupancy within three weeks of listing, with strong tenant demand.High Cash Flow: The property generates $5,570/month in gross revenue and approximately $4,690/month in net profit after operating costs.Effective Use of 1031 Exchange: $300k of the total $420k investment was offset by the 1031 exchange, minimizing out-of-pocket expenses.Long-Term Stability: Designed for durability and versatility, the property is expected to cash flow for decadesLessons learned?

I am a strong advocate for their effectiveness allowing you to do substantially more with your money. 

Best of luck on your journey—your approach is strong, and with persistence, you’ll be well on your way to achieving your goals!

Quote from @Chris Watkins: Quote from @Chris Watkins: Quote from @Eric Lee: Hi all,I'm looking to acquire my first rental property and am strongly leaning towards a short-term rental while doing a MTR for off-peak seasons.

@Stuart BartleIf you're thinking closer to CA the Reno, NV market is showing signs of strong appreciation.