If you’re not looking for professional management that’s no problem but at least have one find a tenant, do the showings, marketing and screen applicants so you can be set up for success.

Within the city of Austin and other local markets with limited inventory, homes are spending a fraction of time on the market—as little as two weeks in some areas.

from my point of view if your an individual and not partnering with folks who ever is going to sue you is going to name you personally.. this is where you need good insurance to take up your defense as your first line of defense.whether they have the right to sue you is immaterial.. or whether they will prevail is immaterial.. if your operating as a group or partnership and have clean records this can limit your exposure to your ownership.other than that  retirement accounts should be maxed out they basically cant be touched... certain trusts.but just LLC labyrinths like you mention.. those are not going to do it for most or.. you will spend a ton of dough fighting to make the position they can't sue you. when suits happen everyone is named .. that's when you need good insurance to handle your defense.

The bad is that often times you will find less care is being taken with your property, the Section 8 has inspections, which at times can be obnoxious and often times you are renting to tenants with no job or limited employment, so they are home all the time, causing more wear on your house. 

I plan on putting them through a new application so that I have the experience and also all my i's dotted and my t's crossed.

Just my initial thoughts based on the limited information, I wish you the best with whatever you decide.

Let's survey the landlords here:Who here would rent to a tenant applicant with a bk within the last year or two, that couldn't show you that it was due to an unforeseen medical emergency or something else completely out of the tenant applicant's control?  

I request a credit limit increase twice a year on my main card.  

I believe there are limits for the credit, but it sounds good in theory though.

However, you may be able to work out a different percentage (including nothing down) with your lender.The Refinance step still is applicable whether you have a Private/Hard Money Loan or paid all cash for the acquisition.