I want to see what value I can offer anyone in the Houston metro and be able to learn and grow together along the way. nice meeting y'all feel free to reach out and connect.

Most CPAs work remotely assisting real estate investors with their tax planning and entity formation.Please feel free to reach out with your inquiries. 

I will be happy to chat further if you have any questions. 

The increase in cash flow you will get when it is paid off may be great enough that you want to keep the property, either monthly, or you can always cash out refinance and take out a larger lump sum which is tax free and just let the tenants pay it down over the course of the next 20 years but this time with a manager so you’re less involved.

if you can manage to live in it and rehab it over time, then if you live there 2 of the last 5 years prior to selling it the gains are tax free up to a certain amount. 

Keeping separate accounting for property is relatively easy with free online program like WAVE.

If you can negotiate a lower down payment, it would free up more cash for you to invest in improving the property, such as adding a nicer backyard with a jacuzzi and more backyard activities.Another option could be to negotiate a lower purchase price for the property in exchange for a higher monthly payment to the owner.

Feel free to DM and we can talk more about it @Carlos Valencia @Albert Bui

If you don't like my answers, you are free to scroll on past them.We are done here.

And since you don't have a loan in your name, you are free to take an FHA loan with no restrictions.