The LLC you have is pretty much useless in the current configuration, as is not holding the property, nor is doing the property management - it's just an entity you use.The properties are not protected whatsoever, beyond the insurance you have (which offers protection against claims covered by insurance, but not against litigation and other problems not covered by insurance, and yes, insurance doesn't cover you completely) and the mortgages you have (yes, the mortgage note itself is a form of insurance, but you still need to worry about protecting your equity).And you better have a good partnership agreement with your partners (what happens if one of them hits someone with his car and he's getting sued?

I'm pretty worried about this as if I can envision a local portfolio lender sinking their teeth in once that fixed rate period concludes.Anybody have any tips on mobile home financing/re-financing in general?

Finding lenders in Texas that will do Lines of Credit on investment properties is REALLY hard...but I certainly have not seen any that have any seasoning whatsoever. 

Play one video while you brush your teeth or make breakfast.

I know the 25% CoC ROI seems to good to be true, that is why i would love some feedback.Units need little cosmetic work (paint, mowing the lawn, general landscaping, etc) but nothing appears major whatsoever (pending inspection if offered).

We bought our first with cash and it has small cash flow, but we are looking at more.In Texas I've read a lot of different guidelines ranging from you cannot use equity whatsoever, to you can only use primary homes for equity (but not for investments), to you have to wait a full year after buying a cash property to do a regular cash out refinance.Simply put, how can we use equity of a newly purchased investment property to buy more in texas as new investors that dont have the wealth or connections to get signature loans?

If the latter is the case, don't be surprised to get a "no" for an answer, or even no answer whatsoever. 

I wouldn’t.....there are no difference in tax consequences whatsoever.  

Now I'm wondering if I did something wrong and questioning every decision whatsoever...I found this 2000sft with two 2bd/2bth duplex from the 1980s on tuedsday night and liked it instantly. 169K asking - current rent 850 per unit.

Most of the time, I'm not involved whatsoever for a storage move-in or move-out.