They fear they will get in trouble if we have to turn the water off with a tenant in place.

Yes, our one house with them has been basically trouble free for 8 years.

I’ve been on the fence about investing in Texas since I’m very far away, on the northeast but I think it’s a good area to invest in.

Talk to the city to see what is needed for a suite and then go through the check list.for tenants, I'm not sure I would have rented a basement suite to a family of 7-that's asking for trouble giving the size of the space.

Sorry to hear for your troubles. 

No question it is the best source in getting motivated seller leads.People that are in trouble can tell their stories to a capture function and out of town dont wanters can unload.Just type in Sell _____ (whatever city you live in) home fast into Google, then contact all the ads to the right and see if they have someone in your area.

I am having some trouble deciding which strategy to pursue (Fix and Flip, BRRRR, etc.)

I was ok with the decision but clearly was on the fence.

I'm currently on the fence as to which to go with, but I'm also confused by the overlap I see with each option. 

Also I’m having trouble of thinking about the highest and best use for the property, as it will become an investment property.