This is a nice balance to work with just one LLC/account but be able to "sluff it off" to effectively eliminate/mitigate your risk since the entity will/could be dissolved by the time somebody wanted to file suit or something. 

That is effectively the same as just taking it.Due process clause of the 14th amendment prohibits states from depriving "any person of life, liberty, or property, without due process of law."

I have seen many investors use and recommend FHA loans as the most effective strategy for acquiring long-term buy and hold SFH properties.

My situation: -I live in California and I am closing on a property that will be available for rent effective sept 1st. - This property is in Conroe Texas- My plan is to market the rental myself on zillow, hotpads, realtor.com, trulia etc - From what I understand rental demand is high in the area due to housing shortages. - I am planning on establishing an interest list of prospective tenants and then flying and out to Texas to do a weekend long open house as well as inviting people to apply on zillow rental manager as well.

That just means the money you make is a combination of the passive income from being a landlord, plus the profit from flipping (effectively you sold the newly renovated house to yourself), and plus the fees you would have paid to a PM but now you are paying yourself.

That will negatively effect the home values on the rise leaving a lot of people unable to refinance out of an FHA or in general to pull out any ARV cash.If it happens to where a lot of people are predicting some of these 203K loans that offer a 110% above property's "Future" home value.

Trevor - thanks ...if its your primary - then  75% will be the max  ltv  for a  cash out  refinance ...what do you think market  value  is  for the  property .......fyi - the comments on FHA loans is accurate - the  mortgage insurance is permanent  and the only way to eliminate it is to refinance the loan to a  conventional loan .......fyi - you are not allowed  to " convert"  a  FHA loan to conventional  loan ......fyi - there are  some  conventional loans that  allow   as little as  3-5% down 

I think we could get a little more in rent if we have HVAC, it will definitely look better and I can eliminate the cost of oil (400 a month). 

I think we could get a little more in rent if we have HVAC, it will definitely look better and I can eliminate the cost of oil (400 a month).

It's my smallest house (2 bedroom, 1 bath; about 900 square feet) and the rent I've gotten from this in the past doesn't make it cost effective to put in an HVAC unit.