There are some concerns around taxes and insurance to be mindful of, but the job market in major Texas cities is unreal.

The first one that comes to mind is do you plan to keep working while building your real estate empire?  

It's important to keep in mind that everyone you hire is providing you a service - no one is guaranteeing you any outcome.

Alternatively, put it on the market and give the tenants notice keeping in mind that showing times will have to be done with 24 hours' notice to the tenants. 

., sounds like this was in Los Angeles County.Would you mind sharing who you used to do the Lot Split?

Hi Everyone,I’m thrilled to join this community of like-minded real estate enthusiasts and investors!

If you want real yield or cashflow, you have to buy in a non-vacation market that is not top of mind for an STR.

You should have that as a benchmark in mind, since it offers a good return without any effort.

That's awesome- I'm glad successful REI's like you are keeping their minds fresh & strong and open for new ideas :) 

@Greg ReeseMost small investors will benefit by having the LLC created in the state where the property is located at.Creating an LLC in a state like Nevada, Delaware, Wyoming may be better for the big players if items such as charging orders, business friendly case law, anonymity are important to you.However, be mindful that setting up LLC's in those states will add to your costs as you may have increased annual fees for annual LLC fees + registered agent fees.