Just to be a good person and have good karma. 

No there is still one person living there right now. 

Response to #1: Some lenders allow for layered entities while others want warm bodies/natural persons to be direct managers.

Hoping to start flipping homes personally as well! 

Typically that's the roll of a business broker vs real estate agent, although sometimes one person does both.   

Forget your current investments.What is your personal and financial objectives?

My first two properties are still in my personal name and I actually need to switch that up finally, so thank for the reminder.Nonetheless, you can definitely still open up an LLC, I just try to avoid putting the cart before the horse.   

You may know this already, but out-of-state investors are also sometimes surprised by Texas’ “high” property tax rate (but no personal income tax).  

Love hearing about the personal goals as well!

Now the debate of where rates "should be" would be based on the quality of product each person/owner offers.