@Joey Chalhoub This decision should be read narrowly to address statutory frameworks such as MN where state law permits it to take property to satisfy real estate taxes/penalties/interest, sell it, and keep any surplus outright.

But again, if you're going to take it down to change out furnishings anyway, then the timing could work out well.

These properties are often easier and more affordable to manage.

Rare in Texas I think to find a PM that wants to manage anything as rent by the room. 

By the time you do that 4-5 times you should be able to have a paid off home or excess funds to invest in other assets.

Maybe there's an angle for seller financing or some other creative approach to get the seller the total return they want over time, but it's hard to say without actual facts and data.

This works well I would say 98% of the time. 

Currently we have titled our 16 properties in 4 LLCs and we have a 5th LLC where we manage our properties.

Time makes everyone in real estate look like a genius.

First, in my opinion, being a real estate agent, you're either in it full-time or don't do it at all.