@Victor H nieves  one major flaw in your numbers and possibly two.. if your in Memphis proper you have two tax's not just one.. maybe you are out of Memphis proper. but inside you have Memphis city tax and then you have county tax.. the other is you are massively under estimated what its going to cost to own and run this over time.76 a month is no were near what it will cost you on a ten year run.. along with vacancy factor.

Plenty of stories around BP on successes and massive horror stories.

From what I can tell it is a massive undertaking with no existing playbook to help get from point A to the end goal.

Hey @Tony Ruiz, great news that you are moving back to El Paso, a lot has changed in the recent years, specially having the 375 loop which is a massive life savor during rush hours. 

In doing our research on the BP site so far, we came across the massively helpful STR income calculator shared by the author of this article:https://www.biggerpockets.com/...Being brand new to this, however, we don’t know what to plug in as our applicable tax rate.

This is all so new to me, it's requiring a massive shift in mindset...

There's obviously going to be massive variation here in how many cleans you have and during various high/low seasons. 

Then sold again for a massive profit only to be find its' way back into the system and sold for a few thousand dollars and again flipped for a massive profit.  

In the middle of the house was a massive (and useless) 750 sq ft great room and not only were there no closets except for the tiny 8' X 2' closets in each bed, there were no other rooms.  4 beds, 2 baths, kitchen, great room - and there was *zero* storage anywhere.I worked my butt off to try to sell it including showings, 16 open houses, about 3,000 miles on my car, tons of paid advertising.  

Brian,How are you guys still building there with the massive droughts ongoing in Texas??