We decided to outsource major tasks such as septic installation, plumbing, heating, and carpentry, while handling smaller projects ourselves—a decision that proved beneficial.

Petersburg area, resulting in highly–profitable investments.If you need professional and courteous property management experts for your multifamily, single family, condominiums or town home, you've found the right company!

I have not lived in the property two years and feel that any profit I may make on a sale would get chewed up by closing costs and capital gains. 

Doing this will indefinitely defer paying tax on profit or depreciation recapture. 

All of the major metros in Texas are taking STRs seriously now.

This way, you only need to invest your profits once.Overall, I don’t think you should keep buying more properties and making down payments repeatedly.

Lets review some major points as they are pertinent to my advice.1.  

Lots of areas that pencil very well on paper but the quality of renter you will get is going to eat into any profit you may think you are getting.

@Nate McCarthyProfit Splits and Contributions:Dividing profits proportionally to investment (2:1:1) is common, but you could also account for sweat equity if one party is doing more work.

There is way too much risk here and no profit.