. - Marketing tied into our website makes listing a property on our website extremely easy: upload photos, narrative, click "Publish for Rent" in Propertyware, it is up on our listings page on our website.- Accepting e-payments from tenants, direct deposits for owners, all within Propertyware.

I wouldn't say rule them out if the price is right and the complex is desirable enough for the tenants you want to attract...but I would say proceed with extreme caution.  

If you are expecting to purchase in an LLC, it is extremely tough to find a lender.

I agree with you 100 percent on all points and they are extremely informative.  

@Bill Morris I tend to be a person of extremes, but I'm in the process of rehabbing!!!

They even had me sign something saying I have no financial interest in a property I sold over 14 years ago and am not on the title for, among other extremely detailed requests.

It seems extremely high for me and I would just love to know what the lender is doing - if they are taking me to the cleaners or if the closing costs are all pretty standard and I won't be able to find a better deal elsewhere.Also, if I SHOULD look elsewhere, how do I find a lender on my own?

I just remember the new Texas law was extremely bad for those holding contract for deeds.A situation came up where a seller used a contract to sell her house in December 2012.

Sounds like even trying to be extremely conservative I may still be overestimating the condo!  

Again BP is extremely informative. good luck to you!!