Ironically this is another topic I am dealing right now - how to flow income to parent LLC with least liability.

We do not have much in retirement accounts at all, which ironically would be automatically excluded from consideration as assets.

All of this is quite ironic since people in another thread claim that Austin sucks as a place to invest.

.* Have an iron-clad Lease Agreement and go through it in detail with your new tenant* ENFORCE the Lease Agreement.

The ironical thing about that is if you ARE putting in enough work, of course you will succeed, and would have anyway, regardless of the program.

I find it ironic that this business model has a negative perception about it..

It is ironic because I was just having some issues with my signature line because I noticed posted a reply and in my signature line all of my credentials of Law degree, CPA, and several others have been removed unilaterally and they were removed under my company description  as well. 

I finally got into a job where I've been for the last few years and have gotten pay raises to more than make up for previous pay cuts before and because of layoffs. 2008 changed my entire way of thinking and I doubt I'll ever feel as psychologically secure as I had in the past abouut money and security. 2008 is a major reason for getting involved in real estate, ironically enough.

The more liberal the city, the more landlord unfriendly they are (and, ironically, the worse they are for cash flow).

@Jason WinterMake sure you use an iron clad lease as anything over 30 days is treated as a LTR.