Drawbacks may include additional fees for out-of-state registration and possible confusion with managing a remote LLC.2.Wyoming's laws and regulations may impact the management and operation of the LLC, such as annual reporting requirements and taxation policies.3.Specific requirements for out-of-state LLCs owning property in Texas may include registering as a foreign LLC and appointing a registered agent in Texas.4.There may be restrictions or limitations on the LLC's ability to purchase, sell, or finance property in Texas, such as compliance with state laws and regulations.5.Other considerations to be aware of include consulting with a legal or financial advisor, understanding tax implications, and staying current on any changes in laws or regulations that may affect the LLC and its operations.

On top of that, there's a bill working it's way through the state to add an additional sales tax on real estate.

But maybe a powder room might be a good addition first!

Additionally, the court found that individuals who owned their property prior to the approval of the 2016 ordinance are eligible for a Type 2 license.

Leverage JV/Equity/Mezz on your projects, either by leveraging the existing properties and cashflow, and putting a second on those, or bringing on the JV/Mezz financing on the New Acquisitions/new buildsAlternatively, finding another private investor locally to you who has additional capital or other offerings to help you scale could be the ticket as well! 

For instance, if your property is listed for sale below its appraised value or if you reduce the asking price during the listing period, most lenders base their lending decisions on the lower of the two values.

Here are the details:Bought in 2015Owes - $45kNeeds additional $20-25k as a down payment on the new house for equity.Rate - 6.125% (Adjustable Rate Mortgage) Max is 8%PITI - roughly $700/monthHouse is in great condition so no rehabAsking $175,000, could sell on market for $220-230kRents - $1400-1600How would one structure this deal?

This can build equity and potentially increase rental income through property appreciation.Another option is to sell one or more properties to free up equity and reduce mortgage debt, which can be useful for reinvesting or diversifying investments.refinancing one or more properties to lower monthly mortgage payments and increase cash flow could also be beneficial, especially if interest rates have decreased.the best course of action depends on the clients financial goals and risk tolerance

Additionally, these attract a lot of inexperienced buyers who started in the single family or four plex space who are trying to go bigger. 

If young people understood these concepts it would revolutionize rentals because a lot more units would come on the market offering way more selection (yes at a reduced price after a while but it wouldn't be much because people are lazy and stubborn and wouldn't embrace this much) and they could be financially free, really free, in just a decade.