But the practical impact is questionable.

Additionally, the limited rental period may not significantly impact the gain, but it’s essential to confirm whether any prorated exclusion applies or if the IRS rules regarding converting a primary residence into a rental property could affect the tax owed.

Bonus question: what kind of impact does this have on my taxes and how do I file this?

This is a great way to make a significant impact in your community and provide a new stream of revenue in the mid-term rental space.

With interest rates on the rise, how has it impacted your ability to sell properties in Texas?

However, you’ll need to ensure that the reduction in cash flow doesn’t significantly impact your financial stability or increase stress levels.

PS if you're really fired up about starting your journey, take a look at our BPCON 2024, it's in Cancun October 6-8th and it may feel like diving into the deep end but making that investment in yourself and your REI education can make a monumental impact as you get started!

Doesn't make sense to me given that typically ROI includes the impact of appreciation as well as any other financial benefits.

Otherwise the seller takes on an enormous amount of risk since the 1st lien is in their name.  

Having your handyman do showings could be a solution, but keep in mind that if he’s not experienced in tenant screening, it could expose you to more risk, especially with squatters or less reliable tenants.You mentioned using something like Showmojo for smart access, which is great for efficiency, but I’d suggest ensuring you have solid procedures for background checks and tenant screening if you go that route.As someone who’s owned a property management company for 5+ years and manages over 300 units, I’ve seen the impact of not properly screening tenants.