The way we want to generate income is by using this cash to buy residential property.

I am an entrepreneur looking to expand onto Real Estate, I am actively looking to partner with Wholesalers, and Realtors who can generate consistent leads.

Attractive properties that are well-marketed and appropriately priced will still generate multiple offers and receive favorable contract terms.Overall, I don’t think we’re back to “normal” yet for Austin.

My fiance and I started a small online retail business and so far it's doing decently well but I quickly realized it was not the route to financial freedom but more of a hobby/ nice supplemental income generator.

This happened because of entire families with single children cooperating together across generations to keep buying "better"/more expensive properties, churning through them and dropping more money in with each flip up. 

Here's why:Let's say I sign a tenant to a one-year lease, and 3 months in, their personal/professional situation changes, and they break their lease and move out after a 30-day notice (or maybe less).I am required, by law in most areas, to "mitigate my loss" by remarketing the unit, making it rent-ready, and starting up my lead generation machine to get applicants, funnel them into my screening system, identifying good candidates and ultimately leasing them up.

Will it generate good cash flow year round or just a small period of the year?

An STR generating 120k gross will net about 60 to 70k (subtracting insurance, property tax, utilities, internet, commissions, wear and tear, potential damages and disasters).

Reality:  not so much.For lead generation BP has been my only source that has worked, but most of those leads only ever want to look at MFH, and I've learned the hard way MFH data is sucky beyond repair in the MLS.No closings. 

I make that decision not based on how much it is going to cost, because most repair costs are negligible compared to the income it generates.