The process to sell them is very similar to a traditional home except that you will transfer separate title/deeds for the land and home.

COVID didn't seem to slow things down except for the first 3-4 weeks.You can use Mojo to track KPIs.

The exception generally is that larger properties (ie apartments) are usually the only property in a given LLC.

Overall, pretty investor friendly with some exceptions like most areas, but the tourism & hospitality industries are huge down here which is why it has always been a great market for STR investors. 

The house is two story home with laminate flooring all through the house except the bathrooms and kitchens, I have been taking a very good care of it without any scratches so my concern about renting it is if the floor gets damaged and I have to redo it all over before putting it back on the market along with do HVAC repairs (It is 12 years old system and running great but I am sure in the next few years will need some care in Texas heat).Currently, I live like 12 miles away from this house, Any thoughts would be appreciate it.

One of the properties comes with an HOA restriction against renting, there are exceptions that one can apply for but it is a drawn out process.Also, I believe there is going to be perhaps further softening in the market and its good to have cash on hand.

So what if I get the seller to cover all closing cost except the down payment (I put 3.5% down) including a rate buydown to maybe 4% or 5% rate (currently locked at 6.125), plus the lock extension which he agreed to today.

This is actually a timely discussion as I have a number of acquisitions that I’ve needed to fill this fall.I haven’t done anything different except wait longer for the right tenant.

Once again though, there are exceptions out there.If you are interested in going over options, shoot me a DM!

A better calculation for your property is IRR …IRR is calculated using the same concept as net present value (NPV), except it sets the NPV equal to zero.