Millennials, which constitute the largest segment of the US population today, are diving into the 1st time real estate market at record pace.

I discussed with a constitutional law professor that contributed to the formation of Series-LLC Texas law - simply put, an attorney denigrating Series-LLC simply doesn't know what he's talking.

I have a lot of experience in finance but not RE and I'm wondering if this degree of scale (debts>capital base) constitutes "leverage" (I don't think it does if my DSCR is meaningfully positive... maybe if I'm allocated to a single market I introduce black swans, I dunno).Having read the BRRRR book I didn't really see much on how to protect against random downside scenarios when port gets huge.

@Jd Martin Thanks for the input but I'm not really sure if groceries constitute a business expense.  

I'm just a naive Midwesterner peaking into the Texas constitution.

So a lot more competition for cleaners, and with this new class of hotel traveler coming to STRs, guests have a much higher standard for what constitutes a vacation clean than they did in the past. 

It is somewhat difficult to construe that travel constitutes "services" or "participation" as contemplated by Congress or the Regulations.

Until next time.Herzliche Grüße-Andreas* The preceding has been my opinion only, the views are my own, and are intended for educational and entertainment purposes only and does not constitute financial advice.

have to play the hands that are dealt you.what mitigates it on the west coast is the property could go up 200 to 300k in 5 years. thats were the money is made.or maybe not.. but to me west coast rentals and rust belt rentals and what constitutes a deal are just apples and oranges. 

Under no circumstances shall OWNER/AGENT’s acceptance of a partial payment constitute accord and satisfaction or forfeit OWNER/AGENT’s right to collect what would otherwise be the balance due, despite any endorsement, stipulation, or other statement on any check.