To precisely assess each property's cash flow potential, a comprehensive financial analysis and due diligence process are necessary.In order to invest in Dallas, one should carry out extensive market research, establish connections with local investors, property managers, and real estate specialists; moreover, one should investigate financing alternatives, investigate possible investment properties, and give careful thought to property management.

These have potential to easily go for $100+ a night.

The property fits the 1% rule and has some good potential for value add.  

The discussion in this thread, and a few others on BP, is all about contacting potential sellers.

Myself and a partner have a potential opportunity for a spec build, and I am trying to run numbers for the proposal.

It's a great city for some potential long term appreciation. 

The potential issue would come if you were needed to use that income for a property that you purchased recently enough that you have not yet had to file tax returns showing the income.

**Plumbing Concerns: Exposed Plumbing and S-trap in Second-Floor Bathroom** - The use of an S-trap and exposed plumbing in various areas could lead to potential leaks and damage.5.

Hey Liad - Condos can pose some challenges mostly due to monthly association fees, limited control over the property, and potential for slower appreciation compared to single-family homes.

House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.