Our management company is very good that they will also employ a "dynamic" pricing of the units based on market availability and demand much like airlines do by raising tickets prices as the plane fills up.Texas is a very friendly business and landlord state.  

What the court meant was that once income has been earned, you can’t avoid tax on it by transferring it to another person.For example, you can’t shift tax on a winning lottery or sweepstakes ticket by giving all or part of it to another person after the winning draw.

If you are paying a premium for a property then I would inspect all the big ticket items like plumbing.Frank

A question I would also have is, does the first inspector have any responsibility as far as he/she missing any big ticket items (termite damage, footing issues) that you may have?

I can search for the applicants by name and find criminal cases, civil cases, evictions, even traffic tickets.

Age and condition are always important as waterproofing can be a very large maintenance ticket!

Build and fly your own 747 from point A to point B or go down to the airport and buy a ticket, get on and let the stewardesses bring you some snacks while an experienced pilot handles the big bird.Good Luck! 

Cost segregation for the new asset and take advantage of the combined first year depreciation/closing costs etc. you will drive your tax rate down to something you might find more palatable.If you have other properties, good time to do some big ticket items.

I would have loved to see a Romney/Giulani ticket.

Proper identification of tenants is also needed if you want any chance of having local code enforcement write tickets against the tenant and not the owner.Any Legal Action Documents: you’ll definitely want to know if the current landlord is evicting or suing the current tenant(s).