You can ask a lawyer.

As for learning about Texas laws probably start off reading the Property code (I know it is incredibly exciting reading but its cheaper than having a lawyer explain it to you.)

I suspect that many of the poor and criminally poor may consider themselves somewhat insignificant in the big picture as they do not realize that each decision they make is like a pebble thrown in the water, causing ripple effects that take a while to reach the shore.

However, the talk of drawbacks really gives me pause when considering 2nd and 3rd order effects.

A market variation is going to effect ALL the houses.

I have done a great deal of study on monetary and fiscal policy and its macroeconomic effects and have been satified with my understanding and has lead to greater confidence and clearer vision in my real estate investing.

If that makes sense...........I've written lots of long posts to this effect...without going into again in detail, I'll just agree with Wayne

I'm somewhat stuck at a crossroads because Phoenix has shot up quite a bit (about 22%) in the last year, but it was mostly in single family homes due to institutional investors (it seems to me).A fear i have about these large companies buying so many homes is that they could dump them quickly and poorly effect the market.Also, I fear that the Phoenix market has been eaten up so quickly its been exhausted of its potential.

I cannot suggest a lawyer for you but setting up a legal entity is pretty simple.If you know what entity type you want, you can simply go to your states website and set it up.

But a couple significant things that turnkey providers are exceptionally good at (or should be) are 1. finding deals, more specifically being able to negotiate insanely good deals so as to maximize their profits later, and 2. being able to rehab thoroughly and to a nice quality but very cost effectively.