Land is always a pain in the *** to sell.

Here are the projections for 2024 to give an idea of expected returns:2024 IncomeLong-term Income$8,400Gross STR Income$45,500 (based on AirDNA projections)Additional STR Income$5,915 (mostly cleaning fees)Total Projected Income$59,8152024 ExpensesSTR Expenses$16,453 (32% ratio)Mortgage$34,476Insurance$707CapEx$3,600Taxes$2,729Total Expenses$57,965Projected Cash Flow$1,850CoC Return2.79%2024 Additional ReturnsPrincipal Paydown$2,930Equity Appreciation$16,200Mortgage Interest Deduction$7,571Total$26,701Total Projected Returns$28,551Projected Return on Investment43.1%Projected Return on Equity21.4%The CoC numbers are not impressive, and the property only cash flows as an STR, which carries some risk.

I want to begin by saying that I do not recommend just ANYONE doing this, and my story is based in Florida and what we are able to do here....with that said, here's how our deal went down.I was contacted by a seller who wanted to get rid of his house and not deal with Realtors, staging, showings, repairs, etc.  

( I'm also getting advised to put them in land trusts on top of the LLC's now $$$ to avoid issues with my loan companies & having them in LLC 'sI feel EVERYWHERE you turn you hear never have rentals in your own name  put them in an LLC In retrospect , I am wondering why I would not have been petter off to keep them ALL in my personal name with 1 giant 5 million dollar umbrella policy for liability  ........

While getting on BP is a great place to network and receive feedback as well as learn, I think educating yourself is a great base before getting started.

After including HOA fees, you would net about 630/month based off the info you provided.

Buying based off the things you read on this forum would be purely speculative.

They can provide professional advice and guidance based on their knowledge of local regulations, market trends, and investment opportunities.

I don't know the Austin market well, but based on my research, you most likely will not cash flow in that market for a few years at best.

I would base this on your numbers, not sellers (seller financials are one of the biggest jokes of this industry), and your return requirements.