You will probably still be required to provide maintenance at the end of the day most likely but it should relieve some of the burden because they understand your intentions going into the deal. lease options in Texas dont work the same way as in other states. 

National bank meant easily transferring funds immediately to kids account free even though they’re in different state, knowing the branch in NC can issue us a bank check for next closing after flying in and learning final amount, paying for new car in Pennsylvania after seeing it and negotiating price, bank branch right down the street.

@Uendy Garcia Keep in mind the $30k will be taxed - state, federal and FICA.

At lease with a Co-Opp there are programs for local, state, federal, grants (several are being pursued).

When they fail to pay in full, give them your state required default letter and take them to court.

Also in this day an age I am thinking this can be done remotely buying and holding property in other states.

I would be firm with the agent that you want wording that states something along the lines of "property is currently used as a successful midterm rental for 30+day stays and financials are available upon request."

Regardless of what the talking heads are saying, the U.S. is in a recession.  I haven't seen a May this soft since the financial crisis. The calendars for our properties are filling up decently, but it is taking daily...

We are out of state investors with CASH to buy a property, we have been coached, still mentored in a program, and now want to make a move for cashflow.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.