And to do it with the least amount of risk you can get away with.Seems logical and easy enough, but it isn't.Chicken or egg.

Goodmorning im a new investor in round rock tx near austin tx.

Lawn care should just be built into the rent, period on a multi-unit.Beyond that, allowing tenants to get away with unilaterally withholding any part of the rent is big trouble for your authority as the landlord.

I'd love to get away with 20% but I'd be furious to go through the hoops of Trustco for them to tell me no after paying an application fee.  

I really wanted to check it out as well but I just bought tickets to the 10X growth conference so I will probably have to pass on this one.

Look for year round relationships and ideally a firm that integrates asset protection into their services and/or acts as a center of influence among other professionals who are necessary to get you to a tax free life!

I agree with Dan that it is not easy to make it work, I have helped my clients make it work with differing strategies.To make sure that it would make sense for you to buy here:Reasons to buy:- Strong year round demand, with amazing weather relative to the rest of the country, we rarely see a substantial slow down.- Relatively high overall income potential, factored with long term appreciation can lead to a very sold IRR (internal rate of return)- Permit requirements = Clearly defined set of rules to operate within, leveling the playing field for all owners.Now for the reasons not to buy:- High entry cost, this barrier is untenable for many as the down payment can be $200k or more.- High operating costs, if you are not an owner operator expect to pay upwards of 25% in management fees- Permit requirements, if you fail to operate within the defined rule set, you risk losing your permit and therefor losing your profitability.I hope that you found this helpful.Reach out to me if you want more information!

Hi Bridgette, my wife and I did exactly that in the Round Rock area.

Insurance companies target zip codes and homes close to or adjacent to the beach or zoned flood.There are many higher elevated places in places like FL, NC, SC, TN and others that are not seasonal and have high traffic all year round for MTR and STR.

Still, it’s wise to get quotes early in your due diligence process to avoid surprises.As for out-of-state alternatives: parts of the Carolinas are solid bets, especially the mountain or coastal markets in NC (think Asheville or the Outer Banks), but Florida's no state income tax and year-round beach demand still give it a leg up for many investors.Happy to chat more if you’d like any specific numbers or market insights