Under both the Texas Property Code 5.0205 and 5.086, as well as TRELA 1101.0045, the "seller" of a contract is required to disclose the nature of the seller's equitable interest.

Stunning nature with the Pacific ocean and gigantic Santa Monica Mountain Range out the door with year round near perfect weather.Close to everything from Malibu to Calabassas, Ojai, Santa Barbara etc and within the same 45 min to 1 hour distance ( traffic depending) to 3 commercial airports, namely LAX, BUR, SBA.The university, USCCI is the only one of its kind growing in leaps and bounds while general enrollment numbers are in decline everywhere else along the CA coast.

I know that is probably just a normal and natural part of apartment living, but there is very squeaky floorboards right above the tenants bedroom, causing her sleep to be interrupted very early in the morning when my tenants has to wake up for work. particularly bad areas.

My goal is to do rentals since that's passive income nature.

@Andy Lanyi, It's going to depend on the nature of the trust and the desired LLC. 

I have worked with clients like this in the past that have come from other lenders that were told that you could not qualify. 4 out of 5 lenders will say they can't do your loan due to being transient in nature.

What's the nature of that LLC, what's it used for currently?   

I'm not trying to rain on anybody's parade, but anyone who follows advice that is that general in nature and tries to do one of these, by advice from a post on a forum, is sure to find themselves discussing the deal with a nasty attorney on the other side of the transaction and in a very formal setting called a court room.I can not tell someone that you can climb into a piper airplane, put the key in the ignition and hit the gas and you will be flying.

After Katrina, those areas were returned to nature and redevelopment focused on areas that had done well during Katrina. 

You can clean up other aspects of title that remain later, including prior defects in the chain of title and liens, but the original deed and the nature of the interest(s) granted, do not change.