FWIW, I know most everything the inspector knows, but it helps to have a disinterested party viewing a property to avoid internal "groupthink" because you want a property so bad. 

I don't think it would give you much, as the properties are still in your name, and still at risk from internal (tenant suing you) and external (you doing something, like a car accident and getting sued) attacks.To avoid setting multiple LLC for each property, look into Series-LLC - you are in Texas so you have that options.You'll still want to setup a PM/Operations LLC, if you do the property management, so you can separate the active side of operations (leasing, hiring, contracting, etc.) from the completely passive side (Series-LLC as asset holding only entity).

. - Decrease in investment money from international investors. 

The data would be used to track full performance, prepare tax returns, bank packages...all the normal stuff for T12s, P&L by property and total portfolio, and internal performance tracking metrics.

I feel this is mostly my own internal fears that give me the analysis paralysis as I have learned a lot over the years. 

The courseware once internalized let's real estate investors multipath each motivated seller into a series of options that are win / win.  

@Duncan Lai A buddy filled a 3 family for an out of state owner with international college students renting per bed not per unit. 10 beds she takes $100 a month per bed she makes $1,000 a month on a property she does not own nor manage.

I had a bunch of people that wanted to come and stay for 3 months at a reduced rate (mostly international people working with the university) If that is an area you are willing to do there may be some money there.

You won't get your current agent to switch his operating model because agents just can't think outside the box and this guy has internalized $500/ hour but a new agent might consider the proposal since it would be incremental business and they are guaranteed to be paid for their time.

I use this calculation because many Investors don't really understand Internal Rates of Return (IRR) and how to use it.