I am looking for books that will walk me step by step through investing in rental properties.

Hi,Texas is a big place do you have any favorite city in mind.

Stick with a forum or books online or in the book store.

You have an LLC and it has been running like a legitimate business, e.g. you keep separate books in Quickbooks, you have a separate checking and savings account for the LLC, your state and federal filings are in order and taxes are up to date, and the LLC is legal owner of the property.In that instance, the courts might protect the property in the LLC.

Does anybody have recommendations for a good real estate investing book?

Successful Real Estate Investing: How to Avoid the 75 Most Costly Mistakes Every Investor Makes: I give this book a 3.

I am looking into real estate as I have read many books that point out 7 out of 10 millionaires have made their money in REI.

You can do 'in-season use' during the week, and not give up much income either, as weekends are always more popular anyway, you pick which days your unit is 'off the market' and they just make your unit 'booked' in their hotel system those days.2% rule is so far away I'm ashamed to ask about it.Cost: 195,000Annual Costs:Taxes 1633Gross Rents 2012: 24,300Annual Condo Fee: 6000Pay 22% to the front desk: 5400Pay maid fee for booked nights: 2000Pay parking fee for booked nights: 1050Electric: 1200Netting: ~7200/year or $600/month for P+Iso... to get to cashflow neutral ASSUMING NO ADDITIONAL REPAIRS(which is quite a bad assumption).

I checked out this book and was pleasently suprised to find it very development oriented because the author is a developer.

Was there a good book that goes over "Rules of Thumb", but not for rehabs; for all REI ventures.