With inventory slightly decreasing in November, do you anticipate increased competition heading into the new year, or are higher mortgage rates keeping activity balanced?

Inventory has held steady at around 5-6 months for some time now, with roughly 4% more active listings on the market in the metro now compared to November last year.

The gist of it is that when you dispose of your entire interest in a passive activity in a fully taxable (as opposed to a tax-deferred) transaction to a non-related party, i.e., selling a non-grouped rental property in a taxable sale to a non-related party, both current and suspended passive activity losses generated by that activity can be deducted. 

Landlords can also evict tenants for illegal activity with a seven-day notice.

In general, south of the river has more going on in terms of arts, culture, and weekend activities.

I had thought about just doing LTR but maybe yeah I want to be more active in managing them myself, taking more risk, and go for the STR/MTR. 

If you qualify, you can use passive losses, like those from depreciation, to offset your active income.

Quote from @Christine Gordon: Quote from @Roi Azoulay: This firm is known to advertise fake distressed properties all over NY and reach out the the actual owner w/attempt to get listing agreement, Unfortunately they are still active and keep doing this for many years and no other website/mls does anything about it. 

I have active leads with wholesalers and other agents, but quite frankly their deals are not good.

For those of you actively working on fix-and-flip projects, particularly in dynamic markets like Houston, I’m curious about your approach to navigating today’s challenges.