would you suggest a local RE attorney form the oporating agreement with the roles spelled out should be good enough?

The rent to price ratio's look really good for Texas (as well as compared to national levels) and my models cashflow at 20% down if the rate is at 5% or lower, really at the current rates its more breakeven but there Refi potential over the coming years and there is appreciation upside in my opinion with the new Tom Thumb, HEB, and Target breaking ground this year making Forney a more classic style suburb.

Looking for a good insurance for rental property.

You are going to blow a lot of money for a false sense of security that a good insurance policy can protect you from and save you thousandsThe LLc is the most overused and money waster used on single family rentals.

The fact that you were able to rent the property after a full gut renovation indicates a good return on your investment, and refinancing after the rehab was a smart move to recoup your cash and prepare for future deals.One key observation is the challenge of rehab budget overruns.

When you are good at marketing and acquisition, you end up with overage.

Welcome aboard Richard and good luck investing!

I do manage some small apartment complexes and generally there are not too many issues, but not zero.Also, for me as a PM I have fixed costs per unit, so to have 5 listings in 1 house would be cost prohibitive.Just food for thought, good luck!

From what I've seen through pictures, the quality is sub-par (e.g. bad patching, no primer used, no corner bead used, etc.).I have recently started to get more strict on timelines (this is now 2mo delayed), and now he is halting the work.

A good broker will be able to set you up with those companies.