Next renovation I will have it outlined & ready to pull the trigger when ready.   

Note:  We still pull the trigger on some deals even if it's just below are target numbers. 

I’m just looking for someone to give me the dough to pull the trigger on it all and have my builder do finish work, plumbing and electrical.I’m pushing back the work I’ve contracted so far because of lack of financing.

I don't have a staff of six figure marketing/compliance professionals to make it all compliant, so I don't advertise rates online, and you won't see any in this post.

I decided to pull the trigger after a few years of listening to this podcast and reading up on posts in this forum.

3) Are there any specific requirements or compliance issues for an out-of-state LLC owning property in Texas?

Of course you can try to see where to land but if it's a deal you like maybe you do the work needed It’s called a Town Inspection Compliance Report.

I have done it several times now and have also tried long-term rentals vs. short-term rentals as I've house hacked.My response to your question may differ from others, but my advice would be to pull the trigger on the condo if:1. 

While I'm not a JD or CPA, it seems that your CPA's advice about using tax K-1 capital accounts for ownership determination is crucial for IRS compliance.

But this is the bread and butter of what I do in Detroit.Pay cash, do the renovations, then refi out.As you mentioned, you need to be confident in your comps so you can put an accurate ARV on the project before you pull the trigger.