Instead, you've got a couple of options:1) Keep it in your names for the exchange, then move it into an LLC later.

I lived in Houston for a dozen years (moved last summer) and really wanted to make an STR work, but I just couldn't get there.

People have no choice but to move to cities where they can live and work immediately.

To move forward, determine whether you prefer local or out-of-state investing, cash flow or appreciation, and self-management or hiring a property manager.Good luck!

Two policies might be the right move to protect both interests.

Another option is to split the cost based on the number of occupants in each unit but this also means you'll need to adjust the charges as tenants move in/out, so it requires more work and I wouldn't recommend it.

Sell sub-to let someone else take over, move out and try and find a place to rent with awful credit?

There's so much population, job growth, and companies moving and developing here (Intel, FB, Google, Microsoft, Honda, LG, Anduril, etc).

Many people have the desire to start but fall short because they never make that first move.

Im not an expert on title stuff, but I would not feel comfortable moving forward with the purchase if I was in your shoes based on what youve described.