This shows total lack of budgeting and is a sign they will only fall further behind with more excuses.5) Have a defined eviction process, but allow 3-5 days of flexibility for inevitable slow-pays.6) Find handymen that live in an area only 1 Class higher than your property.

It is not clear if you're trying to go for more value in appreciation vs cashflow.Some of the points I'd consider once you define your goals, here are some things I'd keep in mind:* Landlording in Texas will lead to more control as it's more favorable to landlords.* San Antonio will have higher opportunities for cashflow than Austin. * Austin will always be exciting, but Austin has the lowest cashflow (regularly) than the rest of Texas. 

I think the best solution is to clearly define your value proposition and where you could contribute a disproportionate value to a deal.

Before getting caught up in the day-to-day chaos that can occur you need to take a step back and define what will make you happy.  

It’s also highly dependent on material finishes you chose.If your concerns is what major red flags to look for… like bowing foundation walls, cracked main beams, lead main lines, and asbestos tiles they can help… when it comes to designing a scope of work and picking materials they usually can’t help.Once you define your question you can better ask questions like… can you give me rough costs on kitchen and bathroom remodels as well as price per sq ft to install flooring and price per sq to paint…You should also have some idea of what finishes you want.

Those are some great questions that we have been talking over with my friends nothing is really clearly defined 100% but we have talked over those points you mentioned.

Here's my recommendation1) Clearly define what you are looking to get out of your investment strategy/deals.    

How do you define a satisfactory inspection?   

The difference in loan types - Generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

I'm not a legal professional, but LLCs for real estate are primarily used for asset protection (if sued there's a "corporate veil" that may shield your personal assets) or partnerships (clearly define roles, responsibilities, and outline "what ifs").