Hello everyone,We are new to Texas and are looking for a real estate attorney to review our asset protection strategy and possibly help us set up a series LLC for our rental properties.One attorney that we are considering is David J.

Those operate more like a hospitality business than a rental business.

For the smaller investor, business owner, etc., the "surcharges" just keep adding up.

To make a really long story short, I have just completed a Short-Sale of a single-family home a business partner and I built in Horseshoe Bay, Texas, right outside of Austin, Texas.Our Operating Agreement states that we are to split 50%/50% of all expenses within the business and treat any unexpected monies due as loans and paid back equally amongst the partners.

I am new to the real estate business and this country, thats why I really appreciate any guidence here.Thank you in advance folks!

No need to get all crazy on it.Essentially tracking these kinds of things in a STR are not like you would in another business.

Also I was going to open a business account for the property which requires Ein. 

It depends on property, the negotiated deal and the business plan for that particular building.

I know this here is all things real estate but man i love being here at the convention and Im learning more about other businesses seeing the dynamic in other teams.

@Jay HinrichsDo you see a fundamental difference with this strategy and paying FMV with 25% down?