You can find ways to save in places that people won't utilize as much

If piti is $1100 and rents range from $1000 to $1200, conservative underwriting would use the lower of the rent range, we have $1100 rent - $1000 PITI - $120 PM  - $50 (vacancy) - $300 maintenance/cap ex - $50 misc (tax man, asset protection, book keeping, utilities that are not tenant responsibility such as for a slab leak, etc) is about negative $420/month. 

Southern border of the land is Wilson Creek (a large, well established, full time creek with old growth trees)Approx 1 acre of non-recoverable flood zone along length of creekTwo small ponds on the property, which can be filled in to utilizeSmall neighborhood to East of property line with utilities ready and available for project Currently a couple of older homes and barn structures on property (100% liveable and well maintained)Wilmeth Rd is currently expanding down the block to a 4 lane road which connects to Highway 75 in McKinneyLarge developments are underway within a 1/2 mile to 3 miles out radius<4 miles to Costco, ChickFilA, WholeFoods, Cinemark, major hospitalAT&T Fiber and Atmos Gas at front of propertyA water well can be run, if desired, or tap into the city's water (currently on city water and has large main at front of property)A CE firm has drawn up plans for a small, 12 home, 3/4 acres development.

I decided to give it a try and it is quite nice not to worry about utilities and tenant issues.

Short term rental depreciation can be accelerated via a cost segregation and utilized to offset your taxes from your w2.

is the utility company threatening to shut off the water?

You’ll reverse engineer top-performing properties and get title & description recommendations, discover rare amenities in your market, & utilize competitor’s reviews to convert more guests.My expertise is in increasing visibility in search engines (and lead generation for law firms, roofing companies, etc) and not the AirBNB/VRBO algorithms.

I fully intend to continue utilizing their services in the future.

Hey All - One of my tenants ran a load of laundry and forgot to put the disscharge hose in the utility sink for when the wash drains.

no I have not purchased the home yet -but I’m educated and working with a realtor who understands the process.1st- you have to be a recipient of a section 8 housing choice voucher /in the program and in good standing2nd you need to be in the rental unit and in the program for a year minimum3rd you must to be in a “participating housing authority” or PHA  because not all Housing Authority’s participate in this rent voucher -to -home mortgage voucher program4th it may ( or may not) require recipient  enrolling in an additional sub program called families for Self Sufficiency ( FSS) which has a class that teaches voucher holders how to use the voucher for a mortgage payment5th I’m working with a realtor who understands the process - has used it for dozens if not hundreds of clients. it’s going to be VERY hard for anyone unfamiliar with government processes  to get through it successfully. note I’m also utilizing  first time savings plans IDA‘s and local first time homebuyer grants and a USDA 502 direct low income Rural loan. and my own funds.All aid mentioned can be “stacked” to lower mortgage & create long term affordability.