What you need to do now is look up the address on the property appraisers website to see if the physical address and the owners mailing address are different.  

Do I have to be physically present in TX when the LLC is created?

@Sara Cunningham Did you do your distance buys without physically walking through the properties?

Think about what landlords want: they want people to pay on time and be respectful of their propertyOnce you raise the idea of leasing the property and then selling it, then you need to sell the idea of rent to own and how you can place the right tenant buyer in their propertyHow I do this is I show them my tenant by air intake forms, I do cross of their names and Social Security numbers but the physical proof that I have buyers already helps build credibility that I know what I'm talking about I make generally 3% of the value of the property in an assignment fee doing lease-option assignmentsI might do sandwich lease option if the deal is terrific

Lack of experience aside, I think the biggest challenge we are facing is not being physically there in markets we want to invest in and not having the correct contacts.Looking forward to spending all my time on the forums here (especially at work when my manager is looking the other way :) )

I will try to incorporate your model.

Also if the mailing address is different than the physical address then send them a letter

I haven't incorporated any kind of hard-money fees or other short-term financing costs.

Receipts under $100 can generally be recorded and copied electronically or physically (in a file), I kept them for 3 years, over $100, I kept for 7 years.

I had a career in corporate sales and not everyone can do that.