I understand why they think that given the pod casts  late night TV etc etc. but reality check is this is a capital intensive business.. and undercapitalized business fail most times.Americans specifically have a very tough time managing personal debt.. and some of it is certainly regional..

I’m a property manager in upstate NY and I’ve started a series of interviews with local professionals in the real estate field and I could use some help.

Satellite is popular but you end up paying a lot more for Internet and phone if you unbundle the TV, making satellite not as good an option as it should be.

from your first sentance of who brought the project and thinking of Texas rehabbers I could sense trouble.It happened to me there as well.. now i could afford to take the hit.. but that is ONE TOUGH market to workeven when things went well ARV and sale price never meshed .. its  a local experts market.. and contractors dont need to be licesned.. this simply is not surprising..thanks for posting this is a good warning to others who think fix and flip is like TV.. and to be uber cautious in Texas.

I am not saying these are correct as I doubt that info is available but it’s a lot. https://fred.stlouisfed.org/series/DRSFRMACBS

Can you use  a Texas Series LLC name instead of your own name when buying in cash ?

Radio and TV Tax (GEZ)This only applies to those who do not fall under the “Status of Forces Agreement”.

They never had any issues from guests except a broken tv that was paid for. $800 a night was the average and they had about 50% occupancy.It may be worth giving it a go and just leaving everything in it.

If your state, has provision for Series LLCs, maybe that is a better option than having multiple LLCs. 

Oh yeah and they also bought a 60" TV and some other luxury items during this time frame to boot :) .