I am looking to invest in my first rental property locally in and around Austin areas and wanted to see if there are any local kind hearted veteran investors who is willing to share their knowledge on how to get started in this process as i am completely NEW to rental property investing. 

He is very desperate to get rid of this property but me coming in on the sidelines with no knowledge of the divorce, want to make sure I'm doing everything in my power to make sure I'm protected in this deal.  

I would highly encourage you to stay in your W2 job and try to build a real estate business for a bit, rather than just jumping ship. 

Also, discuss with a knowledgeable Insurance Agent, they should be able to help guide the way.

It's more work upfront but they tend to stay longer.I always tell folks not to lean on this as their primary strategy.

We all have to rent at some point, or stay longer in mom and dad’s home, as is common in many Asian and… Long Island cultures.

OrMost of my tenants stay multiple years.

Consistently increasing the rents slowly over time is considerate to the tenants and helps you stay solvent.check out rent BP rent estimator or rentometer to give you ballpark data for market rents.

The federal tax code establishes stringent criteria, including guest stays limited to seven days on average and the provision of basic hotel-like services, to qualify for this advantageous tax treatment.Understanding the mechanics of the short-term rental tax loophole is imperative.

. , Organizer is Robin Carriger...super nice and knowledgeable guy.IMPACT LIVE- www.impactreievents.com Meets about once a month in various places around Grapevine, Denton.