.- The tenant buyer may decide to not exercise the option or may decide to terminate the lease early which may produce a profit less than the projected returns.- The money partner is not the only owner of the company which owns the property and thus has limited decision making over the property.

Hi Ursula,Even though this post is a few months old, I thought I’d chime in just in case you’re still working through this or for future projects.

SECOND - In the same vein, newbies ask which programs they can use to manage their listing.

The secret is tenant selection, and finding good tenants in the program. 

If you decide to revisit STRs, you might want to explore properties where you can project expenses independently, such as using local STR forums or online tools to estimate maintenance, management, and occupancy costs.For networking and strategy-building, you might find local meetups or groups beneficial.

That would set you up and make it easier to scale to another or larger project.

Bad part about low money programs people don't talk about, before 2022 this would not be a factor

@Thomas Farrell if you have any experience managing property/construction projects, I would look in to flipping properties and keeping the once that you see an acceptable cashflow on when finished.

It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines. 

And with brokerages now offering new agent programs where they will pay 100% of the expense to get licensed, there is literally no reason not to.