A quick question on entity structure and insurance: As I'm planning on investing in multiple properties over the long-term, I'm considering forming a series LLC in Texas, which has several benefits in terms of administrative cost reduction (relative to having an LLC per property).  

Hi @Raj Pat,Please do me a favor and tell me when you find that deal at no points on a series of non-owner-occupied four-unit properties with concorrent closings, and who gave it to your buddy, so I can switch employers post-haste.

I use pro series for our tax software but that's only bc I'm a tax professional.

I happened to notice the Carleton Sheets "Quick Start" in his stack of old tapes in his TV stand.It's a pretty entertaining flick.

Sounds like you have found out first hand the TV shows are a bit misleading when it comes to renovations and repairs. 

I personally choose to have a series LLC and umbrella policy.

We are 700k financed and currently in the process of raising a bridge round of 500k to get us to a Series A round of about 5 mil.

You could do a series LLC, which is the parent LLC owns the LLC that the property is under.  

Unfortunately, some people present REI as easy (TV) but forget to mention to newbie that it can also be costly. 

We still have a strong balance sheet, but our income is way down due to a series of challenges.