My father in law would say Yes, but that is also why we don't prepare his tax returns.

We both have credit scores of 750+ with no college debt and only 1 car payment right now. 

I have been monitoring and researching the Tax deed process in Texas for the last 6 months.

I have quite some questions that need your help: For tenant screening, I plan to do the routine background (eviction, criminal) screening and credit check.

My debt/income ratio is lower than it really is because I own alot of rentals so for tax purposes and depreciation, my taxes dont show the whole real picture.  

Try to get most of your learning out of the way before you try to do a transaction.Buyer seller agent    Commission splitNo subject to financingZoningMarket 3/2 2/1 parking school districts addl ADU property taxes insurance flood zones etc etc.  

In the other two, it's new to seller but they are open to the idea.As far as the sellers, one is an experienced investor who wants out but isn't ready for capital gain tax.

It allows us to pocket a pile of tax free cash from the sale of our primary.

You can use 1 EIN for both since you are DBA under holding co LLC or if he believe you should get a second LLC EIN number for tax purpose. 

What do you use for bookkeeping, accounting and filing taxes, as you start up?