In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team.

@Robert Quiroz I think all of the factors you have listed might contribute.So I’m not going to comment on that but I am going to comment on an assumption you made.If 85% of rents are below market on deals you underwrite then those contract rents are probably THE market rent.You can’t just go based upon area median income to rent ratio.First off urban areas are oftentimes street by street, block by block.

You love the house and there is a likely opportunity that you may be moving back to the Austin area.  

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Duck Creek Village.

Purchase price: $190,000

Cash invested: $34,000

Triplex, ranch style.

Best of luck and thanks for sharing.My wife is from Cozad and Eustis area.  

Other ways of using SDIRAs could be to invest in syndications, performing  or non-performing debt, precious metals, raw land, precious metals, mobile home parks, self-storage facilities and more. 

- what about storage space?

Median home price is the deviding line in every metro area.

We have not disabled ours or converted to gas, but Tenant must sign a Fireplace Addendum stating if they use it, we require a higher renter's liability policy with us as additional insured, rules on wood, storage, use, safety, they pay for yearly professional cleaning each year they are there, etc.  

Digitize physical receipts for easy storage and use a consistent naming convention for easy sorting - 2024.03.25 Home Depot.- Maintain proper records, such as contracts, settlement statements, and promissory notes.- Additionally, you can track income and expenses consistently using software or spreadsheets.If you track everything, you could show a loss and use that to offset other earned income (such as a W2) which will net you a bigger refund.