James has time and time again always posted extremely helpful information on every post, he would be a great person to connect with. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.

I'm hesitant about getting a real estate license cause so many tell me that route is extremely tough and most real estate agents quit within the first year. 

Any thoughts and tips would be extremely appreciated!

@Breeze Xue Despite what you hear about tax sales they can be extremely competitive.

I complemented it looking for more documents at the IRS site with Lance’s words and it was extremely helpful.Indeed, a multimember LLC can select how to be taxed sending a form to the IRS and, If taxed as a partnership or corporation, not be subject to FIRPTA because it is not a flow through entity (for this tax withholding purpose ) anymore.Anyway, I want to have a meeting with a real estate experienced CPA in the DFW area in order to clarify any details and establish an LLC with everything covered.

In a saturated market with high traffic, the play is to create properties that are decorated and themed extremely well so they will pop out online.

Unless the condo is extremely AND you can easily rent it out, I don't think it is worth taking the risk as a first investment.

I might not be well-versed in your market, but that does sound quite extreme.

After that you substantiate your costs with extreme prejudice.