@Andrew Jessup It's extremely common for the family trust to initially own the real property and then to transfer ownership into an LLC for additional liability protection, with the LLC owned by the family trust. 

Utilize the Texas market's low property taxes, strong rental demand, and low state income tax to maximize your investment.Good luck!

You can utilize equity and appreciation to then buy out of state.

High efficiency appliances were utilized including HVAC, light fixtures and water heater.The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

So I'm asking, What is the best way to utilize the results they both gave me and narrow it down?

I assume(d) they think they are good negotiators, or is your thinking common in the industry that negotiating is null and void, what matters is only the money.

However it is not typical or common. 

They are covering cost of insurance, taxes, utilities and all medical expenses which are rapidly draining their available funds.

I'm particularly interested in understanding:- Key renovation aspects that meet Section 8 standards- Common pitfalls to avoid in the process- Any specific features or improvements that are highly recommended to facilitate a smooth inspection and tenant satisfactionAny advice or a checklist you wish you had when you started would be super helpful.Thanks a lot! 

We pay about $1700 for mortgage, insurance, utilities ect.