I've seen online that the housing market in Dallas is tricky at the moment and that interest rates are expected to remain the same for 2024.

After doing this, I then run the property through Airdna.co and/or Mashvisor.com Both of these tools will give you projections of what type of rental rates, price per night, bookings, occupancy, seasonal variations, etc.

As for the 1% interest rate - the IRS has an Applicable Federal Rate which needs to be used for Federal Tax purposed.  

Sometimes you get a lender who will be more aggressive on the rates. 

If I had property management I would be paying a couple thousand dollars each month for that service, then having to still pay the PM Company’s contractors at a marked up rate for every repair.

What does everyone think about Airbnb latest release, I was on the zoom meeting and am wondering what % my listings will be at with there new % ratings, some people will not be happy with where there % ends up.We will see the impact of what the % does...

@George SuarezThe market has changed in the last 2 years because of the raise in interest rates. 

The large scale BRRR can be tricky, but having a JV from the start will help.My clients down in GA are doing well with a BRRR centered strategy, but focused on one, or both of these things to cash flow quickly:1) 2-4 unit properties2) Section 8In most lending circles, your 2-4 units are going to be classified in the same category as a SFH, so to rehab a hand full of those, you don't take the same kind of rate hit as the 5+ unit properties, but you also don't have the same kind of "experience" issues as you do with larger developments.

I'm a good 20 years from retirement, but I'm using this strategy right now, and then if rates come down at some point and I can do a cash out and maintain cashflow I'll consider it.

Pros I can think of: - higher rent rates (renting by the room) - saving cost and time on upgrade - easier advertising Cons I can think of: - high turnovers  - limited screening - possible wear and tear