Hey all, I own a bunch of my own properties, but I do manage properties for other owners as well.   

Bottom line is this: with Texas LLC (Texas Sec of State provides an on line FILL IN the blanks form ) it cost $350 to form the series LLC, there are NO annual fees, and only one “information report” (single 1/2 page verifying agent, manager and address) to file every year.  

Weigh these with the time to manage a long distance team and travel to look at properties, check on remodel progress, and property condition after renovation.

Although each cell of a Series LLC can own distinct assets, incur separate liabilities, and have different managers and members, a Series LLC may be able to pay a single set of annual state fees and may be able to file one income tax return each year.

Material participation test, which is (for the sake of this post) likely going to be 500 hour test (500 hours materially participating in the rental activities) Please note this "managing the property manager" or traveling out to the property to look at it or just looking at investments to buy or reviewing financials in themselves do NOT count towards those hours.

Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties" by David Greene: While focused on long-distance investing, this book offers valuable insights into property management, tenant screening, and other aspects of real estate investing that are relevant to house hacking."

BRRRRing can be done remotely for sure, but is more project-management-heavy than a turnkey buy and hold property. if you could BRRRR STRs or MTRs that would be even better!

Will also allow you to manage intro conversations better with other agents when you are looking for deals as an investor.

To precisely assess each property's cash flow potential, a comprehensive financial analysis and due diligence process are necessary.In order to invest in Dallas, one should carry out extensive market research, establish connections with local investors, property managers, and real estate specialists; moreover, one should investigate financing alternatives, investigate possible investment properties, and give careful thought to property management.

Hello STR Owners,I am looking for a better channel manager.