“We are seeing a steady demand in Houston’s rental market as some prospective homebuyers are still choosing to hold off on making a move until mortgage rates come down,” said HAR Chair Thomas Mouton with Century 21 Exclusive.

The first thing you need to do is sit down with your accountant to discuss the proper entity for holding properties.

(Extra holding cost)Is there something that drew you to this property besides its price tag?

Investment Info:Townhouse buy & hold investment in Philadelphia.

@Alex Pinard welcome to the forums, and yes just about everyone here as been through a similar decision.If we were sitting down having a beer and discussing I'd probably as you the following:- can you leverage your current job or situation to help get you to your end game? 

I am new in this game and still learning. 

The opposite also holds true.As a REI, trying to judge if an area is a good area to buy as a rental, is and always will be based on the ability to CF. 

The short-term rental market has stiffened over the last year here in Colorado (and everywhere), and our STR buyers have to bring their A game to ensure they're successful.

Investment Info:Townhouse buy & hold investment.

You obtain the best loans from small local credit unions and banks aka portfolio lenders that hold the notes in house.