Most PM companies have a requirement where the tenants income needs to be 3x the rent per month.There’s more to it than that - but it’s a lot to type out.It’s a popular strategy for those looking to get into STR/MTR and can’t afford or can’t qualify to purchase a home themselves. 

Additionally, I'd appreciate any tips on balancing cost-effectiveness with durability.

As the population continues to grow and more high income earners move here to work at Toyota, Boom, etc. the average purchase price will continue to rise making it even more difficult for first time buyers to break into the market.

If the new property has to be bought only on my husband's name, can we add it to the trust after the 1031 exchange is done?

long term I’d simply be okay with owning a few rentals for passive income and retirement.

That, in addition to experienced investor advising others to treat certain tenants like animals has just made me not so motivated to participate like I used to.

While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks​​.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.

MTR is great, but there will be long "orphan" periods in between bookings, which leads to lost revenue.My advice, stick to areas that are more STR friendly and blend the rental strategy for maximum income.

Members can add additional protection by forming series LLCs to hold each real property or business entity.A series LLC is a designated “series” or “child” LLCs from the original LLC aka parent LLC.

It's very possible people will bring in less income, but they won't be out of a true "job".