I think I am going to look into forgoing replacing all the windows as they are in decent shape for the most part and instead look into putting on hurricane shutters that will protect my existing windows and keep the hot sun out of the house. 

Since the members in the LLC are husband and wife - you may be able to make an election to forgo the partnership return and report directly on individual return.2) Texas is one of the few states that has a tax return requirement for LLC's.

If you don't know the answer study the market until you do.As for going out of state I don't recommend if you live close enough to any area of similar pricing I'd recommend you just invest there where you have more knowledge & experience.If you do go out of state It's not really that complicated to buy out of state.

Hey @Devon Martin props to you for going out there and doing it!

So Mike, do you forgo using paper applications at showings, and just direct them to the site or send an email with the link?

Real Estate investing in Canada-Your Life Your Terms show-Lifestyle Housing Radio (if you can endure the intro song)That should provide more education than you can absorb in a year!

That was much needed info, thank you for going to such lengths in the details.

Austin is much more competitive, and folks here buying out of the MLS are generally forgoing all cash flow in hopes of long term appreciation.

I've started to making two estimates, one for bare minimum, and one for going for more premium tenants.

Do you have any other tips for going over contracts and how the agreement takes place between a Lender and I?