However, once I get my own home purchase out the way, the next move is to start building a rental property portfolio. 

Considering the ever-evolving landscape of Short-Term Rental (STR) regulations, What are the best 5 states in your opinion to build a STR portfolio starting today? 

remember payments may only be 400 a month at best.. 6 months reserves is a whopping 2400 dollars.. so someone theoretically with less than 10k in cash could get into these properties.. this William I personally think is highly dangerous for lender and for buyer... its not losing the 10k that's nothing its getting your personal credit trashed when you can't make the payments because you lost all your cash.IMHO if you want to be in the rental game you need 20 to 30k liquid at anyone time that you don't have to borrower etc.. this will insulate you from taking a loss. as you build units of course its not exponential but you need a base.And since this is not TRUE cash equity only paper equity there is no hope of selling them for a profit or what you have in them.. 

Ideally this is research you perform as part of your underwriting when deciding to build the JADU.  

Hey!!! I have religiously listened to the BiggerPockets Pod cast for a long time and even read some of the books. Today, i have finally joined and looking to learn and connect.Alex

I can go into more detail about your specific building if you'd like to reach out. 

You'll want to get prequalified and know exactly what you can afford because the market is super competitive and you'll need to be ready to make offers quickly once you find something you like.

Within the purchase contract, are there any specific criteria I need to call out (this is anew build, if that helps)2. for the agent contract, it says they will be the exclusive agent - I get that makes sense in the context of this property, but can they make themselves the exclusive agent we have to work with across Texas?

Hello, we had a tenant move out that we inherited with the building.

I'm a healthcare professional that is ready to make the jump into real estate investing.