I highly recommend the book real estate by the numbers.

I'm not a fan of complicated electronic locks because they have a high failure rate and are often very easy to hack.

"Good" areas will be priced high, "Bad" areas will be priced low. 

Crime and Tenant Quality: With the higher crime rate in 76104, how much impact could this have on tenant retention and turnover?

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years. 

Lots of areas that pencil very well on paper but the quality of renter you will get is going to eat into any profit you may think you are getting.

>The likely rent I'd get in this area will cover half my mortgage payments at the momentI have done all of my brrrr in different market and I have the same issue that after a refi to extract the value add, my high LTV property at current rates is large cash flow negative (not as large as only covering 50% of the mortgage).  

The rate will also be high. 

These executives receive no salary or other employment benefits from RAD Management but “will realize growth as owners/members” of the firm, according to the document.Under RAD Diversified’s registration with the SEC, any investor — not just “accredited” ones with high net worths — can buy shares, as long as the investment doesn’t exceed 10% of their incomes.

Traditional deals often don’t excite investors—offering $200/month in cash flow isn’t very compelling.But with co-living, you can offer 5X the returns, making it much easier to secure funding.Now, instead of asking an investor to put up a 20% down payment for $200/month cash flow, you can pitch them a 5% down investment yielding $1,000+/month—a much more attractive deal.Why Co-Living is the FutureCo-living isn’t just another strategy—it’s a high-demand, high-cash-flow, lower-risk investment model that aligns with today’s rental market trends.