Here short term rentals are very seasonal.As a newbie, I was under the impression that buying a brand-new apartment would be the right choice for me.

@Bryce Renicker based on what you are saying, it was probably a good choice to terminate.

@Sam CollinsYou may want to reach out to @Michael Plaks who is based out of Houston.Texas is one of the unique states that require the filing of an LLC Franchise tax return even if the LLC is a single member LLC.This filing obligation is not known by many outside of Texas.Best of luck to with your choice.

@Tim Ryan I too want am entrepreneurial at heart.

Not my first choice as I was wanting to keep my debt and tax burden lower on my primary residence but I think it’s my best option long term to take advantage of the low rates while they last. 

I would appreciate any experienced real estate investor who can help me make a good choice.

or is there other options that would be a better choice?

Hopefully you don’t have a problem around the entire house, which I have had before, and my only regret was not peeling it away all at once to manage.I’m happy to help talk through this stuff with you if you need to speak with somebody on the phone that can at least help you think through your choices.

I've been in that situation before and it sucks.Now, you might feel that your only choices are to either get mistreated while being $3000 lighter, or to take the money and potentially let other people get screwed because you didn't warn them.But there might be a third option if you can convince the business owner that negative reviews can be turned into positive results.Point out that all businesses, even the best ones, make mistakes and receive bad reviews.But the best businesses work with their customers to fix the problem and have the review edited to reflect that.

I started out last summer buying into all the typical internet rookie stuff like investing out of state. 4 months of late research nights and early morning phone calls later I flew to Ohio and almost purchased a couple places there (thank you to @Ryan Deeter, @Bryan Thomas, and everyone else that put up with my relentless phone calls and emails.