Poor people have low value (to worthless) things, and things that are not are financed.Written into a lease or not, I still think (Trying) to take something of value from these people will result in a physical fight or a gun being pulled.Texas is a hard to collect state, but turning a smoke stained 11 year old big screen into $100 at the pawn shop hardly seems worth the drama/effort/personal risk.Some people will kill each other over McDonalds Chicken nuggets being out of stock--you never know how people will react to this.

It makes it a lot easier to learn the market, physically view the properties and neighborhoods your considering purchasing in, and grow your REI network. 

Mentioned, you'll have to list your physical address on the docs if you are the registered agent.I would also +1 on creating an operating agreement and also create articles of incorporation which will be on file with the state.

We lack the talent, training, physical ability, time, etc.

You say all that about cold calling and texts, but you should know the following proven factual facts, not opinion.People read texts more than open and read physical mail.

Another benefit to tracking water usage is being alerted to potential leaks or pesky things we all experience such as a continually running toilet.Many landlords attempt to submeter water by installing water meters and having tenants, property managers or themselves physically read the water meters on site.

We can help with the purchase no problem, it's the part after closing: organizing any type of work is difficult, if you are not physically there to meet people, organize stuff and check on progress, let alone coordinate between different traits.

And consider putting a percentage into cryptos - sure, many coins may crash and many approaches are not time-tested, but also, there has never been such opportunities for life-changing gains as now exist in that space.Our wealth is spread between real estate, cash, stocks/funds, crypto, and a little in physical metals.

Hi Dylan,You could go to W2 work for a year for an industry biggie, such as Greystar or Pinnacle (market rate properties) in Texas, (or where you are at now), for a year as a leasing agent and (boots on the ground) learn how to lease units, as well as get an understanding of how to be a first class property manager Learn things such as, how to handle maintenance, reports, people skills, evictions, cash flows, unit turns, problem residents, borderline qualifiers, flag flyers, parking disputes, physical confrontations, arguments, personal safety, etc....That would chunk out your 1st year requirement as well as put some money in your pocket while doing it.And if the economy nose dives, ride it out on the W2.Just my 2 cents.

The administration is also trying to push this reporting on to banks for physical checks, but they are meeting resistance.