Great point @Jonathan Greene I have seen new investors making these mistakes over and over in the Houston, Texas Area.

Out-of-state markets like Houston, Indianapolis, Cleveland, and Cincinnati offer better cash flow and lower entry costs.

Purchase price: $502,000 Cash invested: $100,400 Purchased this single family home located about 1.5 miles from Downtown Houston.

I'm closing on a flip here in Houston, Tx next week.

I went to Phoenix and bought 2 SFH for $400k each...Then I got a taste of out of state investing and came back to San Francisco and bought several 2/2 condo for $650k each....Today the Phoenix properties are $360k ish, but San Francisco ones are like $1.4m each.....of course, the former cash flowed from day one , and the latter are negative for a good 5 years after purchase.... but today the cash flow are WAY better than Phoenix thanks for sky rocketing rental price in the city.....$1800 for a large 4/2 SFH w pool in Phoenix but $4500 for 2/2 condo in SF...So my advise for new comers - suck up the initial pain, pay off is big and sweet later on....

Go rockets!

SpaceX now has a rocket testing center right outside of Waco, Amazon is currently building a huge distribution center in Waco, and BSR Surf Resort & Cable Park built the #1 wave pool and cable park in the world, making Waco an international surf and wakeboard destination.  

If you don't want to use an attorney, you can make an LLC through the secretary of state website https://www.ohiosos.gov/businesses/information-on-starting-a... or other software platforms like zen business and rocket lawyer. 

People like new, especially in the Houston market.

@Jay Hinrichs having tried to deal with Rocket I can see why.