So, that's a state where we would be super cautious about lending in second position. 

I'm not super familiar with TX, but an area of Louisiana that I work is currently in a reassessment year and a lot of people I know are getting sticker shock from tax increases. 

Your input is super helpful!

I'll bet my favorite Tulsa super-agent, @Tom O'Stasik, could answer your questions!

Building your portfolio one house at a time is a super practical approach.

I'm super handy and can build/fix almost anything.

I also want to learn as much as I can before I jump in, so I am super thankful that I found Bigger Pockets!

Hey @Tony Thomas, I won't speak to the tax side (not a tax pro) but from a bookkeeping perspective, this will complicate your operations (and, bookkeeping as a result) quite a bit.So, ensure you have super powerful incentives from an REI-savvy attorney and an REI-savvy tax advisor prior to making this move.Some of our Clients have implemented this in the past (prior to working with us) and their businesses weren't large enough to justify the complications that come with this type of structure.Hope that helps!

They’re super cool and hip but according to every bank in the world they’re not real estate.

Super helpful (even if it’s ChatGPT).