I have friends that are only running numbers with airbnb income where if they can make it cash flow they will buy it but if they can't airbnb it they would go negative with long term renters.

Just remember: most negative reviews are written by problematic tenants.

You will probably be cashflow negative from day one.

Regardless if your in Houston or pretty much anywhere a bad foundation is going to negatively impact the value when you are ready to cash out in whatever exit strategy you decide on. 

Don't let the negative nay sayers bring you down.

FYI... in one case the loan used to purchase has been converted to a HELOC.So... if the situation I've described does compromise "separation" and thus negate the protections then seems to me like even doing the LLC in the first place is mostly a waste of time.Unless perhaps the inverse provides protection... 

That could either be a blessing or a negative depending on the market.

We have noticed alot of the old school management companies tend to over charge and not keep up with maintenance issues causing for negative reviews that affect the earning potential in the long run. 

The fact that you are putting up a big chunk of money may negate any call for tax returns.

Just use the PMT function-it will ask for rate (put in ".04/12" since it is monthly)-nper (number of payments, so "360")-pv ("550000")the number shows up as a negative - but its a easy way to calculate it.