@Catherine Javier I have worked with a number of great CPAs that specialize in real estate taxation over the years and would be more than happy to provide you with recommendations if you'd like?

All these strategies depend greatly on location, layout and your personal comfort level.   

We would enjoy keeping vacancy rates as low as possible, providing great tenant support, and even some simple maintenance and up keep on short or long term rentals.

As a result they’re forever attending seminars, workshops, classes provided by various real estate organizations; they’ve read every book ever written about real estate twice; they believe that they could be worth $1 billion now if only they had chosen real estate as their college major instead of medieval literature; but soon as they study for their real estate license in all 50 states they’ll be ready to begin.The Guru Junkie – I met this person while I was the designated provider of financing for a guru – back about 30 years ago.

Document all communication, including any promises made by the tenants to pay rent or excuses provided for non-payment.2.

Landlord provides tenant (at tenant's decision) the option to limit potential damages by agreeing to pay 2X rent as lease break fee".

These gatherings provide opportunities to meet wholesalers, investors, and other real estate professionals.Utilize online platforms like BiggerPockets to connect with investors in Austin.

I'd be happy to provide guidance.

I had one guy who would cut up trees  because he liked the firewood but I didn't ask him to or provide him with tools.

If the property does not provide for all three, you should not underwrite or make investment decisions based on the property operating as an STR.