Where you have to do your research is if utility bills are paid off.In Marion county, for example, all bills and liens are taken care of.In Johnson county, however, some small towns [like Whiteland] are not incorporated and can't put the utility bills as a lien and the buyer is responsible for them after the sale [ask me how I know this!]

@Brandon Moffitt we are cash buyers, so I will definitely make a point to ensure that our realtor is incorporating that into the deals.

You can finance properties that are Incorporated or in an LLC but you will have to use a commercial lender.

I've attempted to do my own analyses, but nothing I've used incorporates depreciation, taxes, any holding costs, and so on.

Looking back I should have pushed for the construction costs to be incorporated, but given this is my first property the bank was cautious to hear about too big of plans.

You'll need to contact a few PMs in your market and understand what their fee structure is, and then incorporate that into your financial analysis.Hope this get you off to a great start!

The lawyer may not be able to answer sophisticated questions about your corporate entity that is incorporated in a foreign state.

If the LLC is incorporated in another state, then by default any business activity conducted in the state of Texas (including banking) would probably classify it as a "foreign" entity.

@Valerie Rogers Would you recommend OwnerRez for an owner with only one STR and would like to incorporate direct bookings into their business?

It is mainly a blue collar community.Saratoga Spring was incorporated in December 1997 so most of the homes are new and when they where built the land was cheap so the builders mainly built large single family homes 5-6 bedroom style.