Yesterday my job was eliminated, so my main source of income is gone, however, I have $1,425/mo coming in from a condo that's paid off.

I think of flipping as more like a W2 job and buy-and-hold as actual investing.

In Arlington (another suburb in DFW), you can operate STRs with a permit.

A cost segregation study may allow you to deduct $150k in depreciation expense in the tax year of acquisition.This would create a large tax loss (notably different than an actual operating loss).

Other than a couple of years when I took a job out of state (but kept the house), I've been in my current home for 30 years so I am totally sympathetic to your plight.

A little about me I am a Navy Vet , I am a aircraft mechanic ,I am 42 years old and I am just tired of working for people I would like to work for myself and get rid of the 9-5 job.

Ask for references and possibly pics from previous jobs.    

The original bill, talked about here, would quadruple the property taxes on any home operated as an STR for 90 days or more in a year.

For individuals navigating the demands of a w2 job and grappling with substantial tax obligations, exploring the potential of short-term rentals unveils a compelling avenue to mitigate tax burdens.

If you see how many Nvidia GPU is being sold ya some few guys are become millionaire LOL they build AI Data Center everywhere and I would have free job until I am 82 years young, that's what I see from the trend LOLCongrats for Austin though, the trend is very far from stopping.