When I got started I fell into this trap of trying to create all this complexity and then realized it was not worth it at all and all it did was create chaos and add more costs.

I’m a huge fan of keeping things simple since it takes me longer to understand complex topics, especially taxes.

I know CA investors buying in Dallas and San Antonio, specifically apartment complexes and an Austin investor (who lives there) buying land to build retail.

Even if you are in the right, what happens if you need to fight it in court?

You have to know how to screen tenants well, know the landlord tenant code thoroughly, know how to send proper notices, when you can charge late fees, what to do if a tenant doesn't pay etc.I can't tell you how many owners have come to us over the years who thought they could manage on their own and got all the way to court, only to find they didn't follow proper protocol with notices or the late letter etc and have the case thrown out and have to start again.Also, are you local to do inspections? 

No eviction protection so since you gave to settle on someone with and low 600s credit score if you have to go to court they get to charge for their time on that. 

Tell them what the courts decided on. 

We re currently in court and have been for a while.

I don’t tend to do much plumbing drawings, especially when it get complex or extensive. 

Anybody can live in the large student housing complexes but there is a much more limited supply of rental houses near the University.