My wife and I have enjoyed the MTR strategy for about 4 years now, and I think it is a viable way to "do" real estate, but it is definitely an acquired taste that not everyone is going to enjoy.MTR isn't quite LTR, and it isn't quite STR, and it definitely isn't just merging the two together.

It's been a great area to invest in with tons of upside. 

While you’re at it don't forget to set up keyword alerts for topics that interest you: http://www.biggerpockets.com/alerts Also check out The Beginner's Guide (http://www.biggerpockets.com/real-estate-investing), it is packed full of great info. 

The rule as I had read it was that if the property is intended to be rented out for more than 90 days, there is a requirement that there is a permit required.

It is illegal to discriminate against a tenant based on their source of income so I would advise against even mentioning this in any way shape or form.Are you qualified to purchase expensive RE?

Starting a real estate business anywhere comes with its challenges, and Texas is no exception.

@Yixiong Pan - If others have the cash to put into deals it sounds like you could form a JV partnership with others where they bring capital and you operate the deal and come up with a split of equity of the purchase.

It all depends on your goals. 

It's best to focus on one strategy and get really good at it.

We have some concerns:1) Should we a new LLC and have our old one hold stake in it?