They will be unconstrained by their lease commitment and your ability to enforce  and seek damages for lost rent may be hard to follow through on.In rent controlled environments rent increases foregone are foregone forever.

If you're objective is to hold on to the property forever for cash flow then our criteria wouldn't be applicable to you.  

Again the outcome, sits on market forever, holding costs add up, hopefully they make money but it's far less than I had told them (because I'm using comps that were  decently remodeled and expect the same) and in the end they usually blame me. #3) They don't have a plan before they beginThe primary problem here is similar to problem #1 but the reality is not knowing how much the house will sell for when it is finished.

Quickbooks: it's pretty intuitive, easy to use, has been around forever so everyone knows how to use it in case you get sick of doing your own books.

If you're doing a flip do you keep them forever in case an owner somewhere down the road has an issue and discovers a problem with something you did and tries to come back on you?  

We would be looking to make this our forever home.

Instead of holding forever, I'm leaning towards selling at market cap after raising the NOI over a few years to build capital faster and roll $ into larger opps.  

Property Taxes in Texas have not changed proportionately, and people have been making money on rentals in Texas forever.

Get that out of your life forever and especially while your young.

If the property is indeed suitable for events, it can be a profitable business.