You want a city that has red tape because what red tape really means is that there are regulations.

Plus, managing an LLC adds complexity, requiring adherence to state regulations and additional paperwork.

Does this type of procedure qualify for the capital gains exemption?

From what I have read, this is viewed as a "gift" and so the capital gains tax implications change based on local laws/regulations.

Any opportunity is too good for the law abiding citizen, unless he can bring to table millions of dollars , spend 60 hours on some BS course to acquire a license, to have every breath and sigh controlled, regulated, restricted, obstructed and sabotaged.

It's a loophole, and it will eventually close, everywhere.Any property I buy going forward that I plan to hold long term I will only buy in areas that are already extremely strictly regulated for STRs. 

Attorney’s were not allowed to accept contingent fees, attorney’s were prohibited from advertising, attorney’s were prohibited from pursuing and filing frivolous lawsuits, and lawsuits were limited by strict rules of Civil Procedures.

We do have the clause in any standard lease, paragraph 18, that the tenant has to comply with the procedure of requesting repair if the landlord has to bear the cost of repair.

Here are a few tips for managing a rental in the DFW area:Screen Tenants Thoroughly: Conduct background and credit checks to ensure reliable tenants.Understand Local Laws: Familiarize yourself with Texas landlord-tenant laws to avoid legal issues.Maintain Good Communication: Establish clear communication channels with your tenants.Keep Up with Maintenance: Regular maintenance can prevent larger, more costly issues.Consider Eviction Procedures: Be prepared for potential evictions.

Be sure to study up on your local rules and regulations and make sure you're comfortable with it all before taking this on.