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

Attractive Tax Environment for InvestorsGermany offers favorable tax policies for property investors.

You'll likely want to evaluate the investment with UDFI tax figured in.The Solo 401k trust would make the payments to the seller/lender and would also pay for any investment-related expenses.

I lived in Houston at the time and didn't love the prospects of investing there - bad short term market as I saw, mid term was really expensive/competitive, insurance, taxes and buyer competition ate up any shot at making long term rentals work.

He is busy working at the hospital and doesn't want to deal with tenants, toilets, taxes, trash, and all that haha

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

Texas is definitely a strong market, but keep in mind that high property taxes can eat into your cash flow.

You might not cash flow right away, but even just offsetting what you were paying in rent while building equity, getting tax benefits, and learning how to be a landlord is a game changer.

This appears to be a 'transfer tax' instead of an income tax. 

I paid tax on it and mowed it about every 5 years so maybe put 10k into over the years.. deductive reasoning suggested city does not build and full blown interchange to go to nowhere.