Actually, it is to my advantage to simplify, making ownership of my assets easier to file at tax time.  

Easier to be in a place that embraces it.Where are you thinking about buying?   

Austin or Houston will likely appreciate more over time, but those "smaller" towns will likely cash flow much easier and may be easier to come by.

The owner/manager has final say on if the repairs are acceptable or not.Your PMC appears to have:1) Given incorrect directions & permissions2) Not gotten any indemnification protection for youRecommend getting them to take responsibility and start looking for a new PMC.

From a pure numbers perspective, it appears to be a very good deal.

Lenders often consider a percentage of that rental income when assessing your borrowing capacity, which could make it easier to qualify for a new loan.Market Conditions: Analyze the real estate market in both your current area and the area where you plan to buy.

I've thought about property mgmt. but I'm having a problem deciding on whether or not giving up 10% of gross income to cover the cost of mgmt. is worth more than convenience of improving the proximity of another location closer to my primary and easier to continue managing myself.  

Better area's out there to invest and sleep easier at night

I haven't regretted it since.I personally prefer LTRs because there are less moving parts involved, which makes it an easier business to scale.If you’re looking to invest long distance, it's very important to establish a solid foundation by building a quality team around you.

then you will pay them 12% for the time you borrow the money - but will owe the $100,000 + 12%.Caveats - they usually want you to have some money in the deal too - but 100% financing isn’t out of the question.The more other assets you have, or the more you have done other deals - the easier it is to do the next deal.