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.

I took the time to engage as many of my surrounding neighbors as I could and exchanged info and phone numbers with them.

I made a presentation just to put together the numbers and make it easy to read.As several people have noted, you need to engage an SEC attorney. 

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.

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. 

That statement does not paint the entire picture when it comes to how multiple hard inquires will effect your credit score.