If they can not help or if they do not know construction/Real Estate development seek out agents who do. 

Here in Colorado, there are a lot of Denver suburbs that allow Airbnb due to a lack of laws and then there's Colorado Springs, which allows short term rentals through an active ordinance permitting it.

It doesn't file it's own tax return and all activity of the properties are on your personal Schedule E.  

You can learn here how to use it - https://eforms.com/rental/tx/texas-association-of-...I would be more worried for #34-G - if you are not a realtor or at least one party represented by a realtor, the lease contract is voidable at will by the tenant:"Copyright: If an active REALTOR® member of the Texas Association of REALTORS® does not negotiate this lease as a party or for one of the parties, with or without assistance by an active member of the State Bar of Texas, this lease is voidable at will by Tenant."

I have also been active watching Brandon's starter videos and will share my findings as they come with this or new posts!

Seeking some advice for criteria that is in important for seeking good tenants.

Hi @David Fawcett, @Jim Wilcox,I'm also seeking recommendations for this area. 

I just found out that there are tenants with active leases in both units.I was ready with 5% down, was hoping to get in with 3.5% down, but not ready to put the whole 20% down.

First off, semantically  speaking, your discussion lacks a definition for the word "Legal"  While there are contracts in which a breach is a punishable offense, I am assuming you mean "Legal" in the "right to seek compensation for damages" sense.   

@Christopher Moore welcome there is a great monthly meeting this Monday at the Grata (70th and A at) from 7-9 you should come it’s a great place to meet most of the activity Investors in town and a chance to learn a lot.