It will teach you how to effectively manage your own property giving you the tools and guidance to be able to manage a property manager down the road. 

.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.

We're considering knocking down the carport and/or putting in another ADU, ideally a 2/1, to bring our comps to 6/3.Has anyone investigated or done this recently, and have advice on the subject?  

So I guess one option could be to do a DSCR loan, Airbnb the property in full, and then in the future, refinance into a conventional when my DTI allows me to down the road.

So, the housing market in early 2025 is mirroring the price point seen at the beginning of 2024.For some broader context, here’s a chart of the median sales price of a single-family home in Austin over the past 10 years:Compared to the recent price peak in June 2022, the median single-family home price in Austin is down approximately 12%.

You’re left doing all the work: finding deals, inspecting properties, putting your own money down while they take no risk at all and still expect 50% of your profits until they’ve made $500,000.

That's what it all boils down to. 

Last year was back to earth; a glut of available properties drove the rates down for everyone and a drop in visitors also increased vacancies.

It really comes down to your risk tolerance and long-term goals.

It’s a lower risk strategy since you’ll be living in one of the units, and you’ll qualify for low down payment loans.