It's one of the absolute worst parts of rental property investing of any variety.Your first step is going to be to research Texas law, and then narrow it down to the particular county and municipality this property is in.

There are nonQM lenders who will fund 2nd's on investment properties in LLCs.

Show people what the investment looks like over the life cycle otherwise people simply don't have enough information to go off of.

I am new to Bigger Pockets and look forward to this journey of real estate investing.

I was able to share my knowledge about real estate investing with more people through these channels.

For a more in-depth view of the Las Vegas investment market, DM me for a link to our blog site which contains more information on investing in general and investing in Las Vegas in particular.Before I continue, note that the charts only include properties that match the following profile, unless otherwise noted.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties.What we are seeing:The chart below is from the MLS and includes all property types and price ranges.We're observing the typical seasonal slowdown in prices and inventory that starts in July because fewer people are buying properties and moving as school resumes in mid-August.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by MonthRents had a slight drop MoM ($1.19/SF vs $1.20/SF).

I just took a leap and bought. my first two investment properties in the greater Huntsville area as a out of state investor!   

I'd like advice from serious syndication investors on any options available for failing syndication investments....

The only disadvantage would be that you would most likely not be able to get financing for this property, but if you have the cash to invest, it should work out very well for you. 

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts If you haven't already, also check out The Beginners Guide (http://www.biggerpockets.com/real-estate-investing) and BP Podcasts (http://www.biggerpockets.com/renewsblog/category/podcast/) are packed full of great info.