Yes, you spent time to acquire and manage the property (unless the cash flow can also support paying for a good property manager), but you have none of your own funds invested, and you can use those funds for something else.You ARE recouping your initial funds.  

We're looking to buy first or second line on the beach, potentially purchasing land and doing a new build. 

Even with good communications between first and second .. first many times just wont answer ..

If not, then you should hire an attorney for this I'm the agent representing myself in this transaction and it is my first transaction so just want to make sure I get everything right. 

Is 2025 a good time to actually start flipping in ATX?

Message me and let me know what days/times work!

Only “off” thing that happened was an email to our insurance rep asking to be placed as the first and only mortgagee - which I caught and they quickly apologized for and corrected.

When would you suggest to establish an LLC for your portfolio?

I'm not an accountant and it is much better to ask yours (probably time to get one). 1.

I have a full-time job so I can only be part-time.