Does this sound like a decent plan?

I have another one under remodeling that I plan to do as a short term rental (no experience yet, but this house is next door to my home).I have a dedicated website that I maintain myself where I publish the details, applications etc, also list it on zillow and do the screening through mysmartmove.

- At what point for return on equity, do you feel like you are not leveraging the equity well enough?

Zillow offers this as well as other companies. 4.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

We can give you some starting pointers, but you can't really avoid engaging with your own advisors for an actual plan of action.1.

I assume I need to register my property as a short term rental in Texas as well as my city?

Lastly, plan to leverage your future income from working at your dad’s business to support your investment goals.If you want to discuss further, or would like to talk about taking out a loan in order to buy an investment property, or for any other purpose please feel free to DM me.

Working with a reputable lender and having a solid plan for each project can significantly reduce risks.If you decide to use hard money lending, it’s important to calculate your costs and potential returns carefully and ensure that the projects you undertake align with your financial goals and risk tolerance.

Hello Paul,I think you need to look into the world of DSCR Rental loans, most of these loans are set up on 30 Fixed rates, you can also do hybrid Interest only loans as well.