That typically puts your rent to sales price around .75-.8 ish give or take but these areas tend to appreciate more consistently from what I've seen and the rental clientele is more consistent. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

Q2 is most important: If the mortgaage is upside down, it would have to be an approved short sale and that could take a very long time to rectify.

1441 Byrd Ave, Niagara Falls NY 14303 (3/2 1832 sq ft) is an AirBnB and is for sale both on Zillow and Rabbu.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

You can find the most recent sales price for the property on the local tax records website or by doing a quick search on Zillow.

I have a property listed for sale in Goodyear, AZ and it carries a 2.25% interest rate.

We take care of the entire process—from sourcing and purchasing properties to managing renovations and the final sale or rental.

I have not lived in the property two years and feel that any profit I may make on a sale would get chewed up by closing costs and capital gains. 

(The Black Friday sale on the Bigger Pockets bookstore was where I did my own Christmas shopping so my family knew what to ‘buy’ for me!).