Interest rates may be lower, the same or higher in two years.Do the calculation in 2 years to see if it makes sense to refinance.There is some language that a SMLLC can potentially get conventional financing.

The goal is to have good tenants and never have to use the language of the lease to enforce anything negative.  

The legislature specifically prohibited cities from requiring any kind of permit or permission, so it's not just a fee issue:"The key statutory language now states that local governments may not “require any owner or manager of rental property to obtain any permit or permission under Article 11 or Article 12 . . . to lease or rent residential real property or to register rental property with the local government.”I know Shannon (not real well, she just started over here) and I know she came from Asheville planning so I'm sure their zoning might look similar. 

Get familiar with the terminology and different kinds of investments and pick what you feel you will be comfortable with (flips, short term rentals, long term rentals, BRRRR, buy and hold, etc.) its a whole new language you have to learn.

I did look into another firm that's all investor friendly and one of the agents have been very kind to teach me and guide me that would be my vote. try and find a team that works with investors, it's a different language than retail buying. if you are not personally an investor, learning under someone would add value.

According to Texas Business Organizations Code (TBOC) Section 101.602(a)(1)-(2), specific languages must be included in the certificate of formation, operating agreement, and maintain separate books and records for each series.

Although I’d ask your attorney what is necessary based on your specific lease language and the law.

(We could frame those ideas in positive language as desire for safety vs desire for a goal.)  

Almost all commercial insurance policies have policy language automatically adding the PM as an additional insured. 

What is the SPECIFIC LANGUAGE they use in the HOA rules?