Considering the high property taxes unfriendly laws towards landlords , inventory, and prices here, I’m pondering out-of-state investments for potentially better cash flow.

Hello Teck,The numbers could potentially work depending largely on your expenses to demolish and construct.

Investing out of state can pose challenges such as unfamiliarity with local markets, potential difficulty in property management, and variations in regulations.

It's just that this seemed like potentially a way to have the best of both worlds; i.e., get some experience as landlords while also moving to our preferred environment.I feel like I'm opening myself up to a slew of "you're crazy, pal" responses, but if so, better to find out now than later!

Are you worried about any potential ethics complaints or lawsuits against you as an agent, being involved in this type of transaction? 

Looking at potential BRRR long-term rentals and STRs in the NW Houston area. 

I'm now looking to expand my portfolio using the BRRRR strategy and would greatly appreciate your insights.I'm particularly interested in learning about effective methods for identifying potential BRRRR deals.

This is known as "bonus depreciation".This has the potential to create substantial passive losses, which are allocated to those who invested in the property. 

Earn rental income with the potential for a higher sale price in the future.Partnerships or Joint Ventures: Bring in partners to invest in a property together.

I have two properties that are potentials-one in Southern Acres (Just south of I80 and East of 331 and the other is just north of the 85 above the Hillwood area.