Over the past three months I have had a tenant become increasingly unreliable at paying rent on time.Late rent and excuses became more frequent.Filing the 5-day notice was done for each incident.Excuses ranged from “someone stole my identity” to medical emergency.

There's quick access to the 485 hwy loop, plenty of new residential developments ranging from $350-700K, and other nearby large scale mixed-use residential/retail/medical office developments coming soon.  

So if by an off chance i had a tenant that claimed they had a black mold problem that hopitalized the tenant racking up medical bills and rehab costs, then i imagine the insurance company could deny the claim as it is 'enviornmental' leaving the liability up to whomever owns the property....If it was in my personal name then all my personal assets could be locked up in litigation.

We are purchasing a NNN leased Medical Building out of state.

The largest town, Phillipsburg, was a proud manufacturing community decades ago that sent high school graduates to medical and law school.

A recent applicant had a combined credit score in the mid 500’s due to medical collections.

It turned out that the owner was in a nursing home and the trust was created in an attempt to shield the assets from being confiscated to pay medical bills.

A medical school is in motion and will be openning around 2012

I would recommend charging your tenant for their share because that's a tough pill to swallow.Tax benefit - I wouldn't price those into your mortgage because a lot of the factors that determine your tax situation are still undefined and will be until the end of the calendar year.

I suggest that Houston can be a bit difficult as it only has two major industries supporting it- Medical and Oil & Gas.