In the cash world, meaning non-retirement but in an LLC, we have two different entities - one that we'll call RSP is the 3 of us each being 33.3% owners and the other our LLC, RSP, being a 50% owner and a Private Investor being the other 50%.We keep a separate checkbook for each of these, and each of those has a debit card for that account so all supplies can be billed to the properer account and we dont have to deal with one account reimbursing the other. 

Rental Rates Projected To Increase For Dallas Apartments DALLAS (Multi-Housing News) – The North Texas multifamily market continued to show healthy fundamentals last year and into first quarter 2019, according to Yardi Matrix.However, supply dampened rent growth, slowing it to 2.8 percent year over year through March, slightly below the U.S. average.More than 26,800 units were delivered in 2018 for a new cycle high, with an additional 44,700 apartments underway as of March.

This is an indication of the very high demand relative to new supply. 

This does not include furniture, hot tub ($4k), decorations and startup supplies.

The thing you have to remember is you don't want the inspection to happen too far before the end of their lease because you don't want them to have ample time to create more damage than what you find in the inspection.

Low supply, high demand area is very important. 4.

I am curious if it is a good time to increase supply through development of new construction.

Not arguing, just a counter point: Housing/rental shortages are almost always caused by zoning laws and restrictive building codes that make it difficult or even impossible for developers to add to the supply of units in a growing demand area.Often established property owners in the area fight FOR these codes to keep the competition from driving down the rents on their existing buildings. 

It seems like the compition is very fierce and the supply of houses is quite low.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in May Single-family home sales rose 2.8 percent year-over-year, with 8,346 units sold, marking the fourth consecutive month of positive sales;On a year-to-date basis, single-family home sales are 2.7 percent ahead of 2018’s record pace;Days on Market (DOM) for single-family homes was flat at 53 days;Total property sales increased 3.1 percent, with 9,948 units sold;Total dollar volume jumped 7.8 percent to slightly more than $3 billion;The single-family home median price rose 2.4 percent to $249,993, achieving an all-time high;The single-family home average price was up 5.8 percent to $323,023 – also a record high;Single-family homes months of inventory reached a 4.2-months supply, up from 3.9 months last May and the most plentiful level since August 2017.