Thank you all for your responses:I just recently obtain my license, and I'm just starting to build my database for potential clients, but no I do not want to just simply be an agent.

I took the door off, showed my son how to measure, use a straight edge, and so on to cut the door down.

Sounds like that's your plan.You didn't mention the age of the home, but with regards to expenses, most simply fall back to 50%. 50% of gross rents will go towards expenses including taxes.

The name C Corporation is used only to distinguish one taxable entity from another taxable entity (there is no Subchapter C, which governs how a C Corporation is taxed.)Because the "S" simply refers to a section of the tax code, choosing to tax an LLC as an S Corporation affect ONLY the rules used to tax the LLC - NOT the rules to form or operate an LLC, nor the rules that determine the liability of the owners of an LLC.LEGAL REQUIREMENTS & LIABILITYLegal Requirements:The rules to form and operate a Corporation are different from the rules to form and operate an LLC.

If this crazy idea of mine fizzles out and I decide to simply rent the house to a single family, what is the rental market like in Spring and The Woodlands?

It is simply growing.

I don't thinks its worth the cost which would cut into your monthly cashflow.

Also, maybe you should look into a good maintenance protection pan, this may cut down on some of your cost depending on the service call amount.

All checks are written to the escrow account, and checks are cut accordingly for first month rent and assignment fees.

I'm told this tenant has complained about cutting the grass, giving access to the apartment and painters working outside - he's been a jerk.Neither of the tenants pay on time, though the previous landlord didn't seem to care.