I haven't set specific targets beyond this initial goal, but I may aim to increase my passive income to $5,000 or $10,000 per month in the future.Current PropertiesI currently have two properties:The Loft:This property is rented out long-term and generates around $300 per month in passive income after HOA and management fees.The loft has approximately $100,000 in equity.The House:This is a brand-new build (2024) that I'm currently occupying through house hacking.I invested $70,000 in the property, which means I have $70,000 in equity.My plan is to convert this property into an Airbnb or long-term rental within the next two years.Short-term rental comps suggest I can earn around $3,500-$4,000 per month, while long-term rental comps indicate I can earn around $3,000-$3,300 per month.Seeking AdviceGiven my upcoming financial situation, I'm seeking advice on the best course of action.

This is why I never fill a vacancy until the unit is vacant because often times tenants have last minute changes in their plans and an average tenant may not have the ability to make alternate accommodations.If you are using the PA lease provided to realtors, check out paragraph 21 about holdover tenants.

I continue to get emails from Steve Mayer of Finance holding Company, but he keeps wanting me to pay a deposit + his 2% origination fee upfront...seems like a scam and wanted to see if anyone has done business with them in the past

After looking at hundreds of thousands of dollars in suspended passive losses, I'm planning to provide substantial services on my next house hack.

Please reach out if this is an investment property, and you plan on purchasing to flip or refinance within 12 months.

Does someone know a range of how much $/sq ft a parking space costs in a busy area say downtown Dallas vs non busy area? 

What do you have planned next?

Like most would say on BP, It takes hard work, good due diligence, and a decent amount of risk tolerance to do well in this business (mileage may vary). 

Anyone looking to connect, chat and see how we can help each other's business I'd love to meet up!

Purchase price: $309,000 Cash invested: $30,000 Sale price: $454,000 Full live in remodel including out buildings and dock - Built a hobby farm/hosting business too.