That kind of appreciation is wonderful for long term hold investors but it's having a negative effect on investors entering the market. 

It would probably be worth a phone call to the Garland Planning and Zoning department to ascertain which areas are permitted to have short term rentals. 

You can work on ignorance only so long before it breaks you into little pieces.7.

Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Also, below are some ideas I've had.It seems to make sense to start with a list of people in my ideal area that have owned land for a long time and are not actively using it.   

This will make things easier for the tenant and myself, especially if I decide to furnish a few units as short-term rentals. 

First unit lease is up for renewal on 10/31/2024 and has a good long term tenant.

On REOs, HUDs, VAs and other you can get inside but most of the time the utilities are shut off, and heat has been off for a long time at least one winter, in some cases more than one winter and are possible freeze damage to water pipes, hot water heat pipes and even boilers/hotwater heaters. 

We leveraged our expertise in property evaluation and market analysis to secure the deal at a favorable price of $93,000, ensuring both parties were satisfied with the terms and conditions.

I have never managed anything other than what has been in our own portfolio which is 3 (although we just closed on our 4th and are going to BRRRR it) long term rentals and 3 short term rentals.