Yes it affects your short term cash flow, but averaged out over the long run (decades) gets you a more realistic view of what your actual cash flow looks like.And what would you expect to net after fees if you were to sell these properties?

Of course they can get a higher sale price if they are willing to take on someone who cannot get a loan, or are offering better terms than current loan options.

Fixed rate long term debt is usually the goal unless you're flipping property.

I lived in Sugar Land (until 2 weeks ago) and kept my old primary residence as a long term rental.

I'm particularly passionate about long term rentals. 

Originally I was planning on getting my license but after reading about all the fees associated with it, it wasn't as appealing.  

Members can add additional protection by forming series LLCs to hold each real property or business entity.A series LLC is a designated “series” or “child” LLCs from the original LLC aka parent LLC.

Originally posted by @Sonya Suggs:Thank you so very much for your review.

But your goals, timelines, etc are not outlined at all.Common issues I see on these forums: everyone thinks they are getting a little cash flow, but over the long term, they are a) not getting as much as they underwrite and/or b) typically hurting long term value by creating cash flow through deferred maintenance.  

I have been doing research on BP and other places for a couple of months now and decided that buy and hold long-term rental BRRRR strategy will be best for us.