If I am still the owner for the 20 years, I would like to just be the owner, the tenant would be responsible for any repairs required.

That sounds like a solid deal if it's in a growing area of Texas, but if you're looking to buy for residence purposes, I would wait and try to buy something you can house-hack in.

Pay extra attention to due dates, late fees, pets, guests, and tenant responsibilities

Do you want your daughter responsible when there is damage caused by one of the others?

I've asked this question many times to BP community members I've connected with and have yet to receive a sound response but I will ask you the same question: Why do you feel its necessary to operate with a more convoluted web of entities than a real estate company that owned and managed a portfolio that exceeded $1B?

Though the USAA representative couldn't really give a definitive answer on every coverage element Prosper notes, the general response was "why wouldn't that item be covered?"

The Deal Finder - The ProspectorThe Deal Finder, also known as the Prospector or Hunter, is the team member responsible for sourcing investment opportunities.

Thanks for all the great responses.  

Thank you for your response, Erik.

- $300 a month in cash flow when you're responsible for all repairs isn't a lot of cushion.