One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection.

I funded this with US cash, as well as a loan with a Canadian bank.I have shared this process with many friends and other real estate buddies that commended my journey.

The owner is friend of mine, really good dude.

All the friends I trust were out of town or married, and I was done living with strangers. 

DSCR loans are going to be your best friend in this case. 

That’s the kind of agent you want in your corner, especially in a competitive market like San Antonio.While I haven’t worked with him directly, I’ve spoken with an investor friend who did.

I don't want the opportunity to pass so I'm reaching out to family and friends who would potentially want to invest too.

And CA is extremely tenant friendly so it's not a great place for a rental. 

But there's advantages for either way depending on your situation, plan, and goals.The 70% rule is just a guideline.

I'm not sure by how much your rates are increasing but I have friends in NOLA who have seen a 2x increase per year.