Also given the fact that its darn near impossible to get any kind of civil judgement executed and collected on in Portugal. 

For your existing primary, you will need to have it leased with the security deposit and first month's rent collected.

@Morgan Reynolds Did you ever get your pitch book built or collect any examples?

The purchase price vs rental income is very healthy (assuming occupancy and collections are there).

Also it matters if there is also a lease up fee the PM will collect, look at your agreement. 

Baselane is a banking, bookkeeping, and rent collection tool/service.

He could get hit with a significant expense and not have the funds to pay for it because he hasn't collected enough rent income.

I inquired about the possibility of a two-company structure: A traditional LLC that is the public face of the activities (collecting rents, paying contractors, etc.) and managing the Series LLC with each property in once cell in it (in this case, Series LLC is serving as a holding role).Again, one attorney said that would be much better than a standalone LLC and that is recommended approach, and the other said it is waste of time and money since there are some requirements from Texas Real Estate Commission, which is requiring being a licensed broker in the state to operate in the managing LLC.So, just want to hear what other Texas investors are doing when it comes to series LLCs regarding these issues. 

There are other towns with much less city intervention and will have much higher chances of collecting higher rents. 

If you were entitled to those lawyer's costs your lawyer would have asked for them in the lawsuit because a judgement gives you the most ability to potentially collect that money back from the tenant.