You mentioned being worried if your tenants don't pay rent.....you should look into one of the cool products my company offers called rent assure, where basically you can take out an insurance policy on your tenant so if heaven forbid your tenants did default that you would be able to get reimbursed.If you build the right team around you a lot of those worries naturally go away. 

You don’t have to accept the off the shelf contract as it is biased in favor of those who drafted it—which if you think about it for a second is perfectly natural—but it’s more than fair for them to ask you for a written agreement.

I know there are many benefits to incorporating however I was not sure if I can start a LLC and then purchase a multifamily with a 3.5% loan and live in it.

My question is whether that is a viable strategy in the DFW area given how hot the market is here and the seemingly uncommon nature of 1-4 multifamily properties?

Various memoranda of mortgages (essentially sets of terms and conditions) lodged in that system can be referred to in the registration, which are then incorporated into, and provide the detailed conditions for, the mortgage.EnforcementCriteria for enforcement What are the common enforcement triggers for loans, guarantees and security documents?

Much of this is attributed to some unique aspects of our market, namely the "landlocked" nature of the county.

First I would ask yourself what aspect of the business are you best at or have the most natural ability.

I am naturally NOT creative and NOT patient so will have to actively work on that haha.

And while some people may get frustrated that they cannot make rent that is the nature of the business and it is the business we're in.At one point I had very little money, in fact I was working 2 full time jobs and living out of my car.

We have relatively cheap land available for growth, limited natural disasters, a nice climate (a  bit warm in the summer), a business and personal friendly tax structure etc.The rental market is strong, we receive multiple applications on most properties in days.