Instructions provided to buyer about the pest resistant features of the home and how to maintain them.

I provide maintained properties at reasonable rates, and I answer the mail when tenants contact me.

There are annual costs to maintain the LLC. 

According to Texas Business Organizations Code (TBOC) Section 101.602(a)(1)-(2), specific languages must be included in the certificate of formation, operating agreement, and maintain separate books and records for each series.

Tenants normally do not stay long term in SMF and are not as concerned about maintaining the property as a SFH tenant. 

The next level is to ensure that you maintain this capital and make it work for you.

I do agree the board of directors has huge power within the community though and can affect how it is maintained.  

It's not falling apart as it has been minimally maintained over the years, but it needs work to make it a viable rental and to maximize its value.

@Jason Carrillo you mentioned old houses, and it sounds like you're suggesting that old houses automatically come with more risk/headaches.One of the biggest misconceptions by inexperienced investors is that new houses are inherently less costly, and less headache to maintain than older houses.

I have a place in a flat area of mountains, but the road is dirt and not maintained by the county/city.