I inquired about the possibility of a two-company structure: A traditional LLC that is the public face of the activities (collecting rents, paying contractors, etc.) and managing the Series LLC with each property in once cell in it (in this case, Series LLC is serving as a holding role).Again, one attorney said that would be much better than a standalone LLC and that is recommended approach, and the other said it is waste of time and money since there are some requirements from Texas Real Estate Commission, which is requiring being a licensed broker in the state to operate in the managing LLC.So, just want to hear what other Texas investors are doing when it comes to series LLCs regarding these issues. 

With such low rental yields, the return on investment (ROI) and cash-on-cash (CoC) return are negative when factoring in mortgage payments only, not including any other factors.In this market, it seems almost impossible to make a profit using traditional rental property investing strategies.

This property can NOT be financed by FHA or a traditional conventional 30-year fixed-rate loan.

@Rafael Ro Traditionally, investors have targeted Class B properties. 

This is what wealthy out of country (many Chinese) who already made lots of money elsewhere do- they like to park their money in class A or B condos.

Reverse exchanges tend to be much more expensive than traditional 1031 exchange. 

(The tradition here is one month's rent for the fee.)6) How does trash normally work?

My wife and I have been investing in real estate using creative strategies that don’t rely on traditional bank financing, and it’s completely changed how we look at deals.

.), are there any particular upsides or downsides of purchasing all single bedroom units vs. a more traditional mix of units for a property that size? 

You mention a traditional STR PM agreement where the upside is shared by both parties.