Step #PhaseStep1DiscoveryTalk to experts and learn (process, tips, design tips)2DiscoveryCreate social media and document story3DiscoveryGeneral research - budget considerations, financing options, permits, regulations, tax considerations4DiscoveryMarket research - competitor analysis, analyze guest reviews, market trends5DiscoveryGather ideas/inspo (blogs, articles, youtube)6DefineCreate brand and vision7DefineCreate guest requirements (e.g. coffee maker, natural light, near activities, etc.) and prioritize must have, nice to have, etc.8DefineSketch idea for look and feel (architecture and design) - map out the floor layout9DefineConsult an architect (is this needed?)

@Tyquan Fleming Anytime, feel free to shoot me a DM.

If you are in a low tax bracket, it really may not be worth claiming. 

Texas's only tax revenue source (besides sales tax) is property taxes. 

Hello BiggerPockets Team, I'm Janasia Cuney, a new investor eager to delve into tax liens, tax deeds, and investing.

(Feel free to send me a message and we can connect so I can explain the ins & outs to you!)

My partner's family owns an STR, free and clear, worth between 1.8-2 million in a popular vacation destination.

I would get very close to breakeven, but you are still living for practically free (not counting repairs, maintenance, and management) while paying down the mortgage on a monthly basis.I have never purchased a new property to house hack, but I would run the numbers like any other investment property.

Just send your RTR rep a message and we'll get you on the right track.This is an excellent loan option that will allow investors to scale quickly and maximize tax benefits!!

Am in agreement with @Theresa Harris ... rents should be raised, if not to market rate, to at least cover the mortgage and real estate taxes and HOA expenses.