While still technically in slight seller’s market territory, inventory is well above extreme lows seen in recent years when inventory fell below 1 month for a sustained period.Here are the full stats for Austin and the greater metro:A 30-year fixed mortgage is sitting around 7.3% interest, which is the highest it has been in 2024 thus far:In addition to interest rates increasing the cost of real estate ownership, buyers are facing increased insurance premiums, maintenance costs, and rising property taxes.

Tenant seasoning will be required for a bank refinance.

So the fact that Form 1099C is required for the 2023 tax year should be questionable or invalid.

I'm guessing the lender will require 6 months of insurance and taxes up front at closing for an investment property which will drive the closing costs up considerably. 3.

I would recommend that once you set your rental requirements (And if you haven't, make an actual list) do your best to STICK to them.

Fill out the required IRS/Treasury affidavits and documents.

- What should the desirable mortgage/rent ratio be for my properties- Should I begin saving up an emergency fund for repairs and maintenance before I actually purchase a property or should I begin doing that once I own a property- Do you think Louisville, KY would be a good location to stick with, or should I look for a new areaThanks in advance for your suggestions!

Real estate can provide a more tangible asset and potential for rental income, but it requires more management and can be less liquid.

If one is required to pay back the skin in the game, it's not skin in the game anymore.

Especially if permits are required, etc.