Dallas SFR long term rentals

[Lawrence Ratliff]

Hello BP,

I live in San Diego and will be buying SFRs in Dallas for rental/long term income. I am trying to compile a list of everything within reason I should be prepared for when buying a SFR in Texas, Dallas specifically, that I plan to rent. For example what types of insurance should I buy? Just general homeowners or did I need fire, tornado, etc? I understand taxes are higher in Texas, any other fees other than general property taxes? I am planning on avoiding HOAs.

I am a licensed Real Estate agent in CA and do many transactions a year so I am familiar with Real Estate, just want feedback from the group for items that I should taken into consideration before I buy my first property.

Thank you very much in advance.

[Gautam Venkatesan]

Foundation issues are common in Dallas due to the clay soil so be sure to check for it and if foundation has been repaired try to get a transferrable lifetime warranty.