With that being said, the effects of of the O&G market decline don't usually show up right away; so, I do expect that Houston's economy will dip more in 2016 which could have an impact on our real estate industry this year.

Then see about Lenders, Attorneys, and CPAs (probably in that order) to get the deal set up right.

For example, when there was a rash of burglaries many years ago in San Jose, the police noticed the same burglar alarm saleman showed up right away after each one (in some cases, arriving to the burglarized home before they did).

g=f1368e53-ee63-4c69-beec-f7efa6e44297Basically if you set things up right you can increase your MID beyond the $1 M it is currently capped at... or at least that's my interpretation.

@Erik Estrada Thank you for the info, I did not know that hard money lenders are back up right now.

Yea Courts are backed up right now .

If you get your company st up right it can be a cash-cow for you!

Markets can move quickly in a relatively short period .If the real estate markets began going up right now it's not unreasonable to think it would be 25percent or higher in a year or two.

I get along well with my tenants, we chat when I stop over, we say hi when we see each other out but if there is an issue, I bring it up right away.

., at the same time recognizing that the day-to-day expenses (bills, repairs, rent payments, etc.) are all part of the same P&L.Any recommendations for how to get set up right the first time?