Dallas–Fort Worth stands out with the most massive investment footprint—well over $30 billion in active and announced projects.

Off-season can drag.MTR typically lands between LTR and STR in effective monthly income with higher occupancy and fewer turnovers.LTR is the most stable but often lowest monthly revenue for a 4-bed home unless the market is tight.You’ll want to run the numbers — do a pro forma comparing:STR projected revenue (using local comps + occupancy estimates)MTR projected revenue (30–90 day bookings)LTR rent comps in the neighborhoodWebsites like AirDNA, Mashvisor, and even local Zillow comps can help with that.4.

Once you factor in typical reserves (5-8% vacancy, 5% maintenance, 5% cap-ex), you're basically breaking even or slightly negative cash flow.The real question is what's the $187k going to do for you?

I've project managed all my rehab properties into STRs & furnished. 

that's basically all on you. 

Lighter value-add and cosmetic rehabs tend to be easier to underwrite and move in this environment, while heavier projects need more margin and tighter assumptions to make sense.

The biggest mistakes first-time buyers make are overpaying in trendy areas and relying on optimistic projections, so conservative numbers and verified performance are key.

The key is buying something where one unit covers most (or all) of your payment.Don’t just “save blindly” for two yearsInstead:• Study actual duplex numbers now• Learn rent comps• Run conservative projections• Talk to a lender to understand your real buying powerYou may realize you can move sooner, or that you need slightly more reserves.Biggest risks to avoid:• Overestimating rent• Underestimating repairs• Buying for appreciation instead of cash flow• Not budgeting reserves (I like 6 months PITI minimum)Think long-term strategyIf you house hack every 1–2 years, you could realistically own 3–5 properties before 30.

Most cost seg firms will give you a free estimate if you share basic property details - no commitment needed.For residential STR properties in the $500k-$1M range, check out room42.io - they're built for this exact use case and the cost is low enough that you can run studies on multiple properties to dial in your estimates without breaking the bank.

Do you do regular documented walkthroughs or just the basic annual ones?