Then you would need to look at the pure cash flow play of what type of rents can you get and is your cash flow return adequate to make the deal worthwhile, even if the residual value isn't there in the short term.

(Fortune)Lower interest rates don’t necessarily improve housing affordability (Dallas Fed)Today’s Interest Rate: 7.06%(☝️ .15% from this time last week, 30-yr mortgage)Bah, we are back to a 7 handle.

With neither party being alive it took a while to short out with heirs.

With the lower tenants smoking downstairs, and the smell of their smoke wafting into the upstairs, we are concerned that smoke smell will turn some potential renters away.I know we need to honor the lease that the tenants were under before we bought the property. 

If we are talking about better areas in general-- I'd say Camp logan, heights, piney point, West U, river oaks, and parts of Bellaire are the best.

The short-term reward of higher cashflow can be negated when the crap hits the fan like you shared, and years of profit are lost.

A majority of the apartment complexes near downtown wont allow short term rentals so be sure to check their HOA.

Also, since you will be doing short-term private lending you should consider a Checkbook IRA (which is basically a self-directed IRA on steroids).

Hey all,My business partner and I just started a real estate related business, and part of what we do in our business is Co-Host short-term rentals. 

The home has wood floors, tile countertops, claw foot bathtub and a yard with an old-fashioned porch swing.