Deciding whether to sell or keep renting really depends on your long-term goals.

Your son is responsible for making payments on time or ruining this seller's credit. 

Quote from @Amir Portal: Hi friends , i Would be happy if you could guid me from your experience on where to start whit a strategy of BRRRR in DFW

That meant trudging through knee-deep snow in freezing temperatures, spending hours shutting off water lines and draining pipes—on a house I wasn’t even keeping.To make matters worse, it was a four-hour round trip.

If your friend is unwilling to pay that then move on.

BRRRR is such a powerful tool that it makes sense to apply it to single-family homes (SFH) early on, then leverage those skills and capital to take on the other asset classes you mentioned.

Here's her most recent thought on the matter if it helps: "Lack of inspection during building by project managers [is the problem].

He’s constantly handing out free advice, wrote the book on 1031’s and handled mine last year. 

You can also post the Notice on the door in a sealed white envelope with her name on it and marked Confidential.

In Texas, there’s no state income tax on rental income, but LLCs have formation and annual fees.This post does not create a CPA-Client relationship.