If anything this is more of a fly-by night operators vs seasoned operators argument.

Are you intentionally looking to outsource the management and day to day operations to a management company versus self-managing? 

A good rule of thumb is to keep 3-6 months of operating expenses in your rental account as a cushion.Once you’ve got that covered, you can start investing the excess.

Turn-key operators, etc. 

My point is even some experienced operators doing more extensive/sophisticated value adds are struggling in this market. 

In fact, there may be other home service opportunities with quicker growth potential worth considering.Additionally, be aware that in Texas you’ll need a broker’s license, not just a real estate license, to operate a property management business.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

If you have deep pockets, I think Austin will eventually reward you, but if you are a newbie in real estate looking to cash flow positive day one or shortly thereafter, Austin is probably not your best bet in TEXAS.  

What if I'm the operator of the Fund?

Ive seen what you do and I bet you guys are just over thinking this.