Internal Revenue Code 453 aka DST NOT Delware BUT Deferred Sales Trust are a great way to avoid the warnings and everyone steering you towards 1031s during a rising market where you'll probably end up overpaying.But good luck finding someone with a track record of 453 DSTs.I'm looking/researching hard and you can start withbrett with capitalgainstaxsolutions.com on YouTubeHope this helps you save MILLIONS in taxesby providing wealth through TRUEpassive income :)

If a house had fire damage and an investor e.g. myself remodels and brings it up to code, when I flip, do I disclose to the buyer that the house had prior fire damage ?

Self-help eviction is strictly forbidden in Texas. 

If you forego an operating agreement, in TX you are using the default rules under Texas Business Organizations Code (specifically, Sec. 101).  

It is my home.But if you look strictly at the numbers, I guess it is.

The code requirements are the same for anything from 3 or 4 units and up, so it is very cost prohibitive to build a 4-plex when you factor in things like sprinkler systems, exit signage, parking requirements, etc. 

Still, even after accounting for all those things, existing construction comes out ahead strictly from a numbers perspective

Because of its location, I cannot have two proper units, but can have a main unit and an ADU or rent as one house (although I'm hoping the new development will bring a change to my zoning code) The basement has 8ft ceilings and is completely finished but I'm thinking of digging down behind the rear wall to add a full bedroom and reconfiguring the floor plan to accommodate another room, kitchen, and door to walkout (2 bed/1bath unit).

For tenant screening, we want high quality person and can wait to get one, but is our criteria too strict:  740 credit score, 2 month sec deposit, 37% max debt/income ratio?

NO emotions here, strictly math.By pure happenstance, we ran into a different property that seems to make sense financially, but is a little more scary then we thought we were ready for.Local to us, a commercial/residential building is for sale. 4 store fronts street level, 2 apartments upstairs, and 1 large unit upstairs that needs a little rehab to be leased out, as it was occupied on and off by the owners kids for many years.The 4 retail units, and the 2 residentials are all spoken for with good leasing history.