You can take any amount you want out of that profit but realize you will be taxed on anything that hits your personal account. 

I had to make an account just to address this.

You may want to speak with other real estate accountants if you're not happy with your current one.Good luck.

People who are really determined to sell their house have undoubtedly posted about it on their social media account.

The contract must contain:the contractor’s name, address and telephone numberthe approximate start and completion date, including any contingencies that would change the completion datea description of the work to be performed and the materials to be provided to the consumer, including make; model number or any other identifying information; and the agreed-upon price for the work and materialsa notice advising you that you have three business days to cancel the contract, unless during an emergency you waive the right in writinga notice that all payments received by the contractor prior to completion of the contract work must be deposited in an escrow account

Well, those properties will statistically attract corresponding Class B & C tenants.So, how should an investor account for Tenant Payment Performance/ DEFAULT in their analysis? 

I don't want to work all my life, and have nothing to show for it other than dying with a bigger bank account than most people.Having a modest level of financial independence provides, perhaps, the least amount of clarity compared to either having non at all or being super wealthy. 

Are there investors here in Texas that have utilized and would recommend banks they hold series LLC accounts with? 

There’s a good chance that if lender finds out of property transfer via title records, insurance policy beneficiary, bank account submitting mortgage payments, they’ll assume that John  Smith formed a trust to own title and will not flag the  file for any action.  

As Account Closed mentioned, the first question is to decide if you want to invest actively or passively.