Finally found this one and took advantage of the low interest rates by winning the bidding war with an offer slightly above asking price.

From the information you offered, I researched The Land Method and can clearly see why Jonathan is the way to go.

The income doesn't really cover expenses plus debt service. 

Some custodians may offer access to platforms with investment opportunities, as well.

I had lots of leads but none were serious buyers or the leads were from people wanting to sell me other services. 

If you’re offering $450K, then you could offer to take over the $120K payments and seller finance the remaining $330K.

We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

I was to start assembling a team together and am looking for any recommendations of contractors that will offer a little bit more hand-holding, as I am still fairly new to this process. 

Find a quality agent in Texas, then ask them if they offer a referral fee.

When it comes to real estate, here's a general list of eligible assets and their depreciable lifespans that you should know: Residential Rental Property = 27.5 yearsThis includes any building or structure where 80% or more of its gross rental income is from residential units.That means:- Apartment buildings- Single-family rental homes- Duplexes, triplexes, and quadplexes- Mobile homes (used for residential rental)- Any kind of residential lodging facility where the primary purpose is long-term rentalCommercial Property = 39 yearsThis includes non-residential properties like:-Office buildings-Retail stores and shopping centers-Warehouses-Industrial complexes-Hotels and motels that do not qualify as residential rental propertyLand Improvements = 15 yearsThese include sidewalks, roads, fencing, some landscaping, and parking lots that are separate from the building.Personal Property = 5 or 7 yearsPersonal property used in a rental activity usually has a 5 or 7-year life.This includes most furniture, appliances, carpeting and various machinery.Qualified Improvement Property (QIP) = 15 yearsGenerally, this includes any improvements made to the interior of a non-residential building after the building was placed in service, excluding elevators, enlargements, and the internal structural framework.Computers and Related Peripheral Equipment = 5 yearsVehicles = 5 yearsNote that the land itself is not depreciable.