I should have made a more precise statement...I would not purchase a property in the Irving ISD.  

But as @Darren Sager said, it's worth it not to have the tenants calling me about the heat, since I'd have to call PSE&G anyway.We installed a new furnace in our other Trenton property and used Precision Air in Trenton.

@Paul RumoloIt looks like you already got some solid advice.First you need to determine if your rental activities will increase your taxable income.If they will increase your taxable income - you may be required to make additional estimated taxes to the IRS/States.You can do so by making quarterly estimated payments or ask other sources that already withhold on your behalf to withhold more.For example - if you work for an employer and they withhold $500 for ever $2000 that you make; you can ask them to withhold $600 instead of $500.Obviously - It may be hard to calculate by yourself - you may want to reach out to an accountant for a more precise answer based on your specific scenario.

Of those who have an Operating Agreement, most don't follow it precisely which negates the value of an LLC anyway.

We need to be precise with our terms.

While Raleigh is not my home market, I used to live down there (Morrisville to be more precise between 04-05) and I am just curious since our reality up here in Boston is VERY different for flips...

At that point in time the only thing that I was perceiving about him was precisely what you obviously seem to perceive about him now.

I can get a lot more precise by pricing it all out, but that is going the opposite direction of making it easier.

Both bad landlords and bad tenants love long-term leases precisely because of the lock-in feature.The fact that one of your tenants did not understand how a MTM works is irrelevant. 

If you're going to offer to provide construction work for someone (and that's precisely what building-to-suit is), make sure you're not running afoul of any licensing laws.Contracting laws vary, but in some areas you'd be acting as a contractor, which would require a contractor's license if you don't fall within any exception.