Hey folks, I'm super new to LLC forming and the whole legalism (pros and cons) of its own.

Wanted to check if that is true and if it is just lender specific or are there any legal laws around it.Thanks

Here are some legal resources to answer questions: https://guides.sll.texas.gov/landlord-tenant-law/security-de...If possible, get your hands on a copy of "Every Landlord's Legal Guide" by NOLO.

Provide specific details about your ideal rehab process and your expectations.

I would get really specific on that, not "I want to make money" or " I want passive income".

Appreciate some feedback.I had a tenant, ironically also in Gaithersburg (hope it’s not the same person because she was a pain in the *** lol) but she wanted a new carpet we paid half, she paid her half via us uppping the rent $50 over what it otherwise would have been, so that’s always a creative option, however I wouldn’t want gas at my property if I could avoid it, always a risk of a leak or worse so I’d probably lean towards saying no to this specific request. 

I ask this question because I have an opportunity to do something similar and the Multiunit would give me more than enough to pay the rent on the home and still Net at the end of the day….but is it legal??

These companies don't want to pay out so I'm sure they have a good legal staff that will represent you.

At this point I don't have an entity, but I was thinking of setting one up, specifically for the PM side of things if I could manage tax benefits that way. 

Maybe use AirDNA for a specific area if you are really interested.