Bad for agents who make a killing selling high end homes.

I am a little concerned about the high property taxes in Texas.

Anything a carpenter can do is comparativley cheap to the above.It can be done if it is a great house in a high value location, but frankly probably more eonomical to tear down and build new.

The risk is high that they will be recategorized by the IRS upon audit or examination, which means that you've overcontributed to a retirement plan. 

I'd highly recommend local meetups and talking to real estate agents.There are companies that offer help with the execution of rentals and BRRRRs, but this typically comes with a large chunk of upfront fees or cut in equity.

I would highly recommend doing something like this.

To find places with high rental demand, good economic circumstances, and room to develop, conduct in-depth market research.Examine your alternatives for financing, including conventional mortgages, private lenders, FHA, VA, and partnership loans.

FULL disclosure this next rental will not profit me much because of the high-interest rates but I want to keep it long term even If i am breaking even per month.

Ouch... 75% set up fee sounds really high.

All have very high appreciation right now.