Some potential cons going with this structure would be making sure you remain compliant paying for the state filing fees, registered agent fees, and reporting for taxes.Please feel free to reach out if you have any additional questions.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Additionally, I plan to rent out my current home to generate extra income. 

If you renew them, expect more of the same - especially with a baby on the way and all the additional expenses associated with that.You state painting will be $5k, but how much is a less stressful tenant worth to you?

Many states offer speedy services for an additional fee but usually much less $$ than many of the services charge.

And some simply allow it but put a very low minimum fee that can be charged.About 15 years ago I made a loan on some property and accepted “additional” collateral in the way of some lots in which I didn’t put much credit as they had some government liens so I was not in 1st position.

When your property is relatively inexpensive, say $200k, and you want cost segregation applied to it - is it worth it to hire a cost segregation firm and pay their fee? 

My agent thinks it's worth listing as 3/1 to see what the market will pay for and re-listing once the additions are complete as a 4/2 w/ patio.

Send em' out for one thing then all of a sudden you have a whole other made of slew of issues and are out their $150-$250 "service fee" 4.

If not, the lease we use at my firm (McCaw Property Management) is built to comply with the Texas Property Code and includes key protections like clear late fees, pet rules, tenant obligations for maintenance, and more.✅ Tenant Application: Use one with built-in fraud detection.

**Responsibilities**: Explicitly mention that the tenant is responsible for rent payment for the entire notice period and detail any applicable late fees, such as "$30 per day" for each day late.