To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.

@Brett RiemensniderYou don't need to provide anything to your tenants tax-wise.

They are so tax beneficial! 

Tax Savings:While it’s true that the stock market has been strong, real estate offers unique tax advantages that aren’t available with other asset classes.

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

Honest... not great but we had other tax reasons to get into them.   

He is busy working at the hospital and doesn't want to deal with tenants, toilets, taxes, trash, and all that haha

I recommend that you contact a lawyer to setup this process for you.  

Given the market conditions and your hard money loan, it might be wise to first calculate your monthly holding costs, including loan payments, taxes, and maintenance.

If you need an LLC for tax reasons later, you can move title into an LLC later for a couple hundred bucks.