Why invest in Dallas TX?

[Amber Huang]

Hi, I am new to real estate investment. I learned a lot from reading all the postings on the forum. I have been looking for a SFH in DFW as my first investment property for the past couple of months. We just put an offer in yesterday on a SFH in Cross Roads, Denton County. Now I am doubting if I made a right decision to invest in Texas. The house is listed for $169K, but there are multiple offers already two days after it's been listed. We offered $175K, but the average rent for that area is only $1450-$1550. After subtracting all the expenses, there will only be about $60 cash flow each month. With the high property tax and high insurance in Texas, it's very difficult to find a property that generates cash flow. Is this still a good deal to move forward? It doesn't seem like one based on the calculation.