I would also let the bank know that you're willing to open an account with them and deposit your monthly rents.

With monthly extra payments, you make consistent progress, save on interest, and stay motivated, but it requires steady cash flow.

You also need to be sure to get a deposit given it is farther out. 

This allows you to use the same money to buy another property, and another (hence the "Repeat" in BRRRR.If you buy something that is turnkey, it requires less time and effort on your part to get rent ready (essentially zero).One isn't necessarily better than the other.

What's your process and requirements for screening tenants?

You have to learn a little bit.There are ways to get into real estate with little or no money, but they require more education and financial discipline.

Off Market,submitted a non refundable deposit in good faith to entertain the seller that i was a serious buyer 7 that i would close escrow

PS: I still have his deposit which I do not think it will cover all the damages.

Common benefits are:- Opening and scanning mail to email you a copy of what was inside- Shredding/disposing of unwanted mail- physically forwarding mail to another address (for a fee of course)- Depositing checks that they receive on your behalf.Just google "virtual mailbox dallas" and you'll see plenty of options for that market.

Like many investors, investment requirements can be prohibitive to oceanfront or oceanview properties.