A cash out could very well be 50% to 70%, (or they may not do cash outs) depending on the lender so you'll need to ask and shop  around.Each property must be appraised and title insurance obtained on each, so you're not saving much in loan costs except they may close as one transaction, filing fees will be applied to  each property as well.

That includes real estate agent, title preferably owned by attorney, seasoned STR property manager etc. 

Upon seeing this name again, I looked it up online and found that the person it belonged to had a number of articles from our local news station for a number of crimes, to include forgery, identity theft, impersonation, etc. 

In order to do a 1031 exchange you cannot take title to the new property before the old property closes. 

What are other questions we should discuss in advance.any advise, any sample document.Thanks look at 10 joint venture deals before you do one. talk to others in other markets. if he isn't smart enough to negotiate capital or JV deals or structured finance I wouldn't touch him. every cost should be fully transparent with their margin. similar structures with investors in columbus we are the general and everything is negotiable. he should also be qualified talk to a bank first. we take title in a single purpose entity we are the LP less than 20% and the qualifier and the main investor puts the cash and gets the loan, I'm also licensed and normally sell to out of state investors. 

Keep in mind in TX you likely won't be able to get title insurance for 2-3 years on a tax sale property, so not a good idea to spend money until then.

The personal mortgage will still be in your name regardless of any seller financing to an LLC or title change to an LLC.  

My name and self storage in the title.  

When you pay all cash there is no 6 month title seasoning wat to get out 80% of the purchase price.You can also come in with a 60% mortgage and a 40% all cash and get a little bit better of a rate and be able to waive escrows if needed.

If you use a properly set-up entity structure, it can also protect you from charging orders and keep your identity anonymous.