The goal is to weed out stagnant or "lazy" equity.Pro Tip: While the principle of "buy and never sell" has its merits, adopting a "buy, then regularly review your ROE" approach can lead to superior returns and better preservation of capital.Among many metrics used by investors to evaluate the quality of their assets, a few stand out:Cash on Cash (COC)Return on Investment (ROI)Return on Equity (ROE)Wise investors will often recalibrate their strategies if their ROE begins to decline.

I'm in FL so I cant speak much on Texas Law but here as long as we gave proper notice, you can do what you need to do to preserve and protect your property.

Number 1 is capital preservation, then diversify into solid deals.

Lafayette Square, our most prosperous historic district has the most restrictive rules when it comes to housing due to historic preservation, has a high number of STRs.Here is my golden rule for STL city rentals. 

I currently work for a National Asset Management Organization that specializes in preserving properties, so I'm not new to the industry.

So as long as we hit our minimum rate we split profit but if the project goes long or does poorly we still preserve our minimum return .

LLC can come later.You can start buying properties in you own name and get conventional loans (typically up to 4 properties) to free/preserve up capital you have.

They're worried about their government getting to their money, so they just need a place to park money, whether it's making a return or not - capital preservation. 

The level of work was a bit better than what I'll be putting into this rental, but not by much...so I could possibly get a higher appraisal...which doesn't impact much since I wont be pulling any extra money out in order to preserve cash flow...but it should help my position with the bank when securing long term financing on this deal as well as the next deal.Also here are some photos so everyone can see what I'm starting with...Sorry they are all sideways I can't figure out why they're uploading that way...since that's not the way I took them or the way the look on my computer. 

I want to preserve my capital from residential real estate cycles at some point.