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Eventually you need to be able to appreciate the value either through value add, increased rent, future prospects, or a have a personal benefit. 

Otherwise you will continue to restructure like a hamster wheel spins - and waste $$.Beware that a holding company or LLC in NV will not deter local (out-of-state) statutes unless whomever you contracted with signed away their local rights favoring NV law.

Worth a read for all you prospective homeowners/investors.Bottom LineThere is always reason to be positive!

I would rather get it fixed because all of my prospective tenants love the idea of having one.

Eastern KY just does have good prospects and people are moving away for better employment just down the road.

If a prospective sec 8 tenant inquires about renting my property, can't I simply reply my property is not section 8 approved?

hi Tony:like you, am just starting out as well and am attracted to the Houston Area (cos am bullish on its prospects and that was where I had my first real job!).

Well, how about if a prospective tenant shows up wearing sunglasses at night and a cap with a big marijuana leaf printed on the front and all over the sides? 

You have a vision for the lot which I lack so don't let my comments deter you if that's the direction you want to go.