@Christina Merlo Cash out refinance or utilize a RELOC on the property to buy out your sisters share.

I am willing to relocate.

It's difficult to get an STR permit from the city (STR defined by City of Austin as less than 30 consecutive days), so I recommend renting for 30+ days at a time to families relocating to Austin or remote works who want to "vacation" in Austin while continuing to work.

I've run across some wholesale companies like Networth Realty that seem like they could be a good way to practice finding deals while earning income.

I'm writing to ask about best practices or common approaches to accounting for property taxes.Here the tax bill comes out in November of each year.

I've found that people who have little or no property management experience not only don't understand the liabilities and best practices that are associated with PM, but they also are (sometimes) tough clients to deal with because they don't understand maintenance protocols, timelines and expenses.

I'm currently staying with family in Sarasota but am looking to relocate to Tampa / St Pete when purchasing for myself / house hacking.

Is this common practice?

The same goes for a CPA but they are not limited in which states they can practice in the same way attorneys are so you have leeway if you cant find a good one locally.

And, as you continue to buy more properties and form more entities to segregate your assets, you may decide to form a parent holding company to reduce tax preparation fees, ease administration, and add an additional layer of asset protection between your properties and you personally (shown as HoldCo, LLC in the sample organizational chart).As for which form of entity to use, it can be state specific, so you should seek advice from an attorney practicing in your state.