It's been a great learning experience with several healthy headaches, but I'm definitely ready to make a move into a larger home with central AC as Texas temps break the 100's way too often.On the profession side, I spent the past 7 and a half years in insurance, and in mid-2017, I began saving up for the jump to real estate so I could immerse myself in the industry (and hopefully pick up a few good deals along the way).

More often than not , They will sue the insurance before they sue your llc .

Get insurance and an attorney  or other professional that can help you develop an asset protection plan. 

I’m not allowed to profit from any repairs, but I have a ton of experience in estimating for repairs using xactimate software, which has standard pricing for anyone providing work for insurance companies.

The previous owner could've made an insurance claim for some major problem with the property and you'd never even know about it until it's too late.Don't mean to scare you, but buyer beware.

Greetings all,So my question is if there any resources you would recommend for someone who is interested in assisting homeowners recapture the excess funds from a sheriff sale when bidders pay far more than what's owed.I notice this in certain areas and wanted to know if there was a standard approach to get the previous homeowner their funds from the state for a portion of the funds you can reclaim for them.

I just want to confirm when using the 50% rule, we only use it to compare to the mortgage amount and not taxes, insurance, etc.?

You have property taxes of 2000  and insurance of 276/yr (which seems low).

@Allan Figueroa If you are buying small multi unit you could do it in your own name and get an insurance policy.

Check Rentometer and Craigslist to get an idea of rental rates, understand how to calculate all expenses (especially how to look up property taxes and get insurance quotes), and interview multiple property management companies.Hope that helps and best of luck!