Make a plan and stick to it or be prepared to pay for changes.

Three pillars for success:There are many points to cover in order to prepare STRs for the peak season.

Then be prepared to reach out to as many brokers, owners and property managers as possible.

An attorney is preparing my new operating agreement and for some reasons I would like to keep private we're looking to do a 99/1 split on our income tax returns as married filing separately in Texas. 

If you try and fight them prepare to go on renting without them.

For example, yanking out a length of steel without the proper preparation is clearly a unique balancing act.

Then after a tenant moves in, the first government rent payment is not received for 30-60 days.Though Section 8 housing can be very profitable for savvy landlords, investors must be prepared for dealing with inherent delays.#3 Accounting Delays: Part of dealing with a government bureaucracy is dealing with accounting delays.

@Tyler Mullen - Preparing for the worst case scenario is precisely why I posted this question.

And no mistakes are going to be so catastrophic that you can't recover.I see a lot of people wanting to learn and study and go to meetings and prepare and be so ready and knowledgeable to tackle this industry.

The MOST important part of this is to provide an itemized list and/or refund with 30 days of tenant move out and being given a forwarding address in accordance with Texas law or you are basically toast and could be liable for 3x the deposit As to the deductions, my advice Is to always deduct only what you are prepared to defend.