He eventually had 4 open-heart surgeries, was depressed, etc.Now that it is 20 years later, comparing it to my well oiled Investment property, because of my prime location, the appreciation I received is far higher than his, my cash flow is also far higher as the rents skyrocketed in my areas, AND I spent WAY less in Medical costs that he did.While I don't want to attribute all the Medical Health issue towards these difficult to manage yet higher cash flowing properties, I can see what it did to him as he would call me asking advice on what he should do.If he were to add in the medical costs and health problems, over the 20 years, I'm so glad I did not go down the high cash flow route.I can enjoy my Investments because of the lack of Stress from all these years.

We enjoy the returns on STRs, but we invested specifically in this deal for the long-term potential for development of the lots.

Staying in your own wonderful STR and never getting to enjoy it because of maintenance or improvements. 

Thus you want to enjoy where you live.  

I would not gamble on that unless you have done this many times & know the potential risks. 

I'm enjoying the ride so far and am grateful to have a steady day job where I get to take care of people and build up savings for reserves and new investments.I’ve already done my second deal, this time with a partner.

I enjoy living in the area and am now looking to take the next step and purchase a small multi-family property where I can house hack.I'm looking for a property in the Arlington or surrounding areas.

- Listing price to buy: ~$700k a few months ago- Rent: $3.4k- Master lease up to 2yr- $10k initial nonrefundable deposit towards down payment- 15% of rent will go towards down payment - First month, security deposit, and $10k due = $16.8k In my opinion you are gambling in a market that is trending down.

Neither my wife or I thought much about early retirement, we actually had jobs we enjoyed doing, I did not retire from my business until 70.

This is unlikely to occur even though it would mean tax relief on our annual property tax, as many of us enjoy the fact that there’s no income tax.Reason Number Two – Property Values are on the IncreaseProperty Value IncreaseHow Are Property Taxes Calculated in Texas in Relation to Property Values?