We started the journey last year Sept 2023.The deal closed mid November, after a 2 months journey to find the perfect property (price/Cash Flow/appreciate) and closed on it.Made her aware the holidays isn't the time for renters to move, however, once W2 taxes were issued in January 2024 she would get a tenant.She is officially a landlord!

the 5% is minimum and that changed this last November . 

(We've been 95% occupied for our units for the last several years.)

Let me know what I can do to assist you in DFW area.Waxahachie is a bit out of my wheelhouse, but was there this last week.What do you need done?

My husband and I started our journey last year with a house hack and 2 long-term rentals (after an exhaustive review of all options), there’s a lot to consider and ultimately need to ladder up to your short and long term goals, as well as your lifestyle (esp with kiddos). 

(ha)  :) Taxes for STRs in the Gatlinburg area have doubled and tripled over the last 2 years. 

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

Thanks mate,Spent the last few years on self mastery but still have a long way to go.When I grow up, I want to be like you and Chris heheI owe you guys dinner.Hopefully our paths cross somewhere in the future like Vegas hehe

At least here in Denver and Colorado Springs, where annual appreciation over the last 40 years has averaged 4-6% even with some major housing recessions, appreciation is where you make your most money.

Some people are getting list price even though asking 40-60% over last year.