Would love to hear and learn from anyone within the BP family who has successfully executed a tax-loss harvesting STR play and continues to do so every year to offset W2/1099 incomes.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Did you have to show proof of income?

Real estate investment is a time-tested method of building wealth and generating passive income.

For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

Being a landlord involves responsibilities and risks, such as maintenance and tenant management, but these are counterbalanced by the potential for steady income and investment growth.Other factors to consider include market conditions in Austin, which have seen substantial fluctuations, and how they might affect future property values.

Most buyers find it more attractive to purchase a place that has some future income built in when they buy it.

Keep in mind this will be a 30 year or forever hold with appreciation the ultimate goal and cash flow at year 20-30 being retirement income (hoping to stack 10 of these if i can)Here's the numbers, I'm planning to close in April i just got back from taking the wife and kids to the build site, they approve so that's nice haha.

To allow myself to create a form of income that doesn't restrict you on your work-life balance.I joined this platform to learn, grow, and gain knowledge.

If the financial risks associated with Option 1 are within your comfort zone and you're confident in the rental income covering your new debt obligations, this could be a viable path given the potential for immediate home appreciation and avoiding multiple moves.