Ideally somewhere that pulls in both business travelers and folks visiting Austin, but not crazy expensive like some of the central neighborhoods.Do you think Pflugerville or Round Rock might actually be a better move than being right by the Domain?

Hey James,The truth is, there isn’t really a magic list of “agents who get rock-bottom prices.”

Plus most are produced in China and I am Thinking that market May close for the U.S.Rent for $65 per month.  

End buyer here in Little Rock.

With your experience both as an investor and top-producing agent in Richmond, you sound like a fantastic resource for anyone looking in that market.

The cash flow produces a poor return and historically the appreciation is poor

Columbus could give you a stronger long-term appreciation play, while Little Rock might produce better cash-on-cash returns out of the gate.If you’d like, I can break down specific Columbus neighborhoods that match your criteria so you can compare side-by-side with Little Rock.

The tricky part is convincing an auditor that “1 hr/week” in a business producing substantial income is accurate — which is why your CPA is cautious.Having your wife claim REPS probably isn’t an option unless she’s materially involved, but your STR cost seg approach makes sense in the meantime.

What we're struggling to understand is how to underwrite/estimate the paper losses that a MF would produce and IF this strategy is worth it from an income/tax savings perspective.

Hey @David R Duitsman, fellow 40 something just a bit north of you in Castle Rock.