I'll say this:-"flipping" a property - buying it, rehabbing it, and selling it - is easy."

This would involve an agreement with your partners and a formal transfer of ownership, typically through an updated operating agreement.2.

Think MTR will continue to be the best niche for Austin this year and likely beyond

This means you need boots on the ground.

Is this true in your experience?

“There are several reasons why this is important:1.

Are you thinking this new cycle of higher rates is at its peak and we are going to head back to the 3%-4% range?

I’m doing this right now.

What made you interested in investing in this type of deal?

This is particularly beneficial in popular tourist areas where demand for short-term lodging is high.Flexibility: Owners can choose when to rent their property, allowing them to use it personally during off-peak times.Support for Local Tourism: STRs provide a unique lodging option for tourists, helping to boost the local economy by attracting visitors who may prefer a home-like stay over traditional hotels.Diversification for Investors: STRs provide real estate investors with an additional income stream, especially if they own properties in tourist-heavy areas.Cons:Strict Regulations and Higher Fees: San Antonio recently updated its STR regulations.