Hi.I have a rental in McKinney tx.I rent it out back in 2022 for $2300 and the increase it on 2023 to $2400.It's been the same tenant and it is time for renewal.

In fact, providing substantial services changes STRs from a rental activity to a business and triggers self-employment taxes on the net profit.

This can reduce the required down payment, often increase the allowable seller concession from 2 or 3% to 6% and lower the rate of interest, as well as expanding the types of mortgages eligible (in the case of ARM's, 40 year amortization, interest only or even 40 year interest only!?)

Comparatively speaking to other large American cities, the cost of living is cheaper.The city provides a wide range of communities that may accommodate various tastes as well as a rich cultural experience.Austin, Texas: Young professionals are increasingly choosing Austin as their destination because of its robust employment market and lively culture.Although there are many prospects for both conventional and innovative financing solutions, the real estate market may be competitive.Before making a decision, consider visiting these areas, exploring the local real estate market, and connecting with local investors and real estate professionals.

The driving factor is that there are 20-30 percent more rentals on the market than there were a couple of years ago - particularly in the outlying areas - while visitors to the GSMNP has only slightly increased in 2023 over 2022.  

Once you have this team in place, you should be able to invest in any market confidently.As for picking a specific market - I would go after one with an increasing job and population growth.

I'm confident I can do the job in a couple days and make it look great, but the issue is I’m weary the check will bounce after I do the work.

What are your thoughts on self storage investments. 

No STR won't ever be a thing of the past, does no one pay attention to the increase in bookings and even users on the OTA's.

We hear that a lot of investors in the area make a killing in that segment but were just not confident pulling the trigger and going that route.How has dealing with Airbnb or furnished finders been?