In Vermont, LLC formation fees and annual report costs can add up.A good friend of mine, Jason, started with five doors and used a single LLC for his properties initially.

Since you're selling the business and real estate to a partner/friend you will have some flexibility in value determination. 

They will also dictate the terms of the loan, how it's filed, qualifications, etc.However, if you mean PML as in your friends/family that have NO experience in real estate and just have money sitting around...then I would certainly to counsel you to lean on some type of mentor or other experienced investor in Houston on what to do. 

Focus on undervalued neighborhoods with potential for appreciation and partner with an investor-friendly realtor who knows the area.

I'm weighing the benefits of paying a premium for turn key vs. working with an investor friendly agent.

Is your previous lender a family member or a close friend? 

I'd love to learn more about your focus as an investor-friendly agent.

Most of the material used comes from non U.S. friendly countries. 

It's the perfect rental for my friend. 

A friend of mine, Sarah, and her husband bought a second home near her family in Phoenix, lived there for a few months each year, and rented it out as an MTR the rest of the time.