Your family member could also provide the financing on it and make money every month with a positive cash flow spread between the debt and the rent collected or be like a guarantee person that is the main backer for the long term loan your Bank or other lender that  owns that property with a long term loan with that property  on a security  loan until that loan is paid off.Not saying the fix up budget makes this decision fairly difficult but i would say to not have a house that needs over $5,000 on the "make ready" expense to make a 20% gross return giving a cost price and sales price you gave on your example.What you could do to find a deal is pretty limitless. 

So are you going to hire 24 hour security?

In Texas the only annual costs for the LLC will be filing the tax return and franchise tax form if you use a CPA to do it for you.

Look Unless it’s in your lease I would tell them that if they want it colder then go buy themselves a window unit and if they really fight you about it go buy them one and take the cost directly out of their security deposit .

If the law says 30 day notice, don't file until day 31 or better 32 just in case a judge interprets they way you did it differently than you.

I know that'd net me $0 w/ needing to fill a security fund on the side.So I'm curious.

Women need financial security.)

Keep plenty of cash (or highly liquid, safe securities) reserves - I keep a minimum of $50k for my 10 units.Your cash flow is first line of defense.

You need to file paperwork with the county though to stop it from being reassessed and alert them it is a parent-child transfer. 

All I know to do is go file for eviction since he won't willingly leave.