Hello everyone,
I find myself in a challenging financial situation and would greatly appreciate any guidance you can offer.
I have a pending income tax payment of approximately $200K for the year 2023, due by Septem...

Since all of this money is being borrowed and paid back in a short amount of time.

With Showings, and mortgage applications at all time low's I would price the property below market on your rent, find a great tenant, and wait 1 more year to sell. 

I'm a full time W2 worker opening an REI LLC and want to ensure maximizing tax benefits for investment expenses under the LLC. 

I don't do anything STR nor do we manage it so I can't answer many of your questions, but there are tons of great people on here and resources.

I wanted to share that some of the best deals take a long time to come to fruition. 

3) Are there good property managers you'd recommend?

For the 10 year period spanning August 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.5%.With inflation nearing its 2% target and signs of a slowing labor market, The Federal Reserve is predicted to cut rates as many as three times before the end of 2024 (see here).

And should I follow the 1% rule to see if homes are even worth it( only because house prices are very high)Hey Nicholas, I would say the 1% is great, but at the same time, you also want to find a decent deal in a good area.

I myself used to work at JB Hunt as a transportation manager.