Has anyone done this before?

Depending on hte rental income, you potentially could do this as DSCR is based on the rental income.

This is a local credit union, this would only be an option for an investor that both owns the properties near Austin, Texas, and that personally lives in the area as well.

They have to sweep, mop etc.We charge $100 pet fee and that covers up to2 dogs.We use this for small breakage or losses. 

This allows you to refinance your mortgage, take out a new loan, and pull out the equity as cash.

In this market the rent:price is usually around 0.5%, pretty terrible.

The amount of digital ink that is spilled on this site about LLC's and how to set up complex structures  by folks who can hardly be called investors is a bit maddening to me as it keeps folks from actually investing dues paralysis by analysis due to things that really do not mater a great deal.

Like I have said a bazillion times, this is a cool place!

This makes investing directly in RE difficult, clearly not impossible but harder to get things rolling.

LLC is a WY corp, so this would require waiving WY protections. 2.