I’ve heard the horror stories of TX property tax so I looked for low property tax. 

I suspect poor communication was a reason that such a low percentage of people who paid $300 atrended (in San Diego I attended the STR workshop and room was full - this syndication workshop we sat around one table).I have heard Codie present and she is as good as you indicate but not an RE person. one of her lines is something like there are a lot of millionaire RE investors but not a lot of billionaire RE investors and I want to be a billionaire.  

When I fired everyone, it was because I was doing the majority of the business and with low inventory and poor work ethic, it didn't make sense to run a team when I was the rainmaker and dealmaker.

I have doubts because the rent is too low in relation to purchase price and other expenses?

But, I talk to folks often looking to invest in Texas thinking it is a low tax state and are shocked by the property taxes.

So I would need to come up with a creative way to structure this so that the equity payouts are as low as possible.Thanks in advance for any advice we can get!

The reason people seek for distress properties, so that they can acquire the property at a low price and renovate the house aka "value add" so that they can increase the property's value and create sweat equity, then pulling the money out or cash out we call out so that investors can liquidate their money and reinvest on the next project @Albert Bui @Carlos Valencia

To succeed, they must keep their operating costs low.

And super low inventory means no discounts, even for properties in rough shape.

Even though these expenses are rather low, it's important to compare them to the advantages the LLC offers.Umbrella Insurance: An alternative to forming an LLC for asset protection is obtaining a robust umbrella insurance policy.