They EASILY paid $30k extra to get seller financing with $150k down.

Who knows, when you get down here you may be happy you have some extra income coming in. 

For me personally long term rentals add another layer of complexity and staff needs.

The extra cost to do two separate loans will be worth it, especially if you do not want to be stuck with the loan for a long time. 

It would also have to be put up and taken down between each tenant and I don't know how responsive your PM will be to this extra work. 

McKinney is thriving, but so are other parts of North Texas, and a broader perspective could reveal other great opportunities.Here’s what I’ve observed managing a significant number of rentals in the area:Bedrooms and Layouts:3-bed, 2-bath homes consistently attract the largest pool of tenants and have the highest occupancy rates.4-bedroom homes have grown in demand, especially with the rise of remote work, as tenants look for extra space to use as a home office.Square footage is less critical than number of beds and baths.Supply and Demand:McKinney’s growth is driving demand, but the quality of the location matters greatly.

The pref layer is a third party institutional player.  

This is a complicated situation with multiple layers to consider, so here’s my take based on your questions:If you’re looking to move assets from the partnership into individual LP (Limited Partner) names while avoiding capital gains, you’ll need a strategy that complies with tax regulations.

It was just an offer (costs extra) through a local lender I used!

Seems like a lot of the negative comments and reviews are related to bookings, advertising, extra fees, etc.