Your cash-flow will get eaten up (in all likelihood) by flying out to visit the property. 

You'll have dusts flying everywhere and debris left and right.

You can probably fly to vegas for $50?

I’d love to hear what ideas you are flying around and see if there’s any way that I can help. 

Should I call an agent or professional in Dallas and have them check the title, liens, tax situation, etc before flying out?

@Denzell Hoover That's a good move.

Great news is that Valley houses are flying off the market in 24-48 hours since the sun came out last week!  

Your safest option is to insist in the standard 12 month renewal and make sure they fully understand their legal/financial responsibilities if they break the lease.It may be standard for wealthy tenant's in A++ properties to attempt to negotiate their lease but that does not fly in my blue collar world.If they decide to leave you will be farther ahead even with the turn over costs.

Something tells me that wouldn't fly these days though.Another option is to find a commercial lender willing to fund the deal; the underwriting for those is a little more flexible in some areas. 

Your chart of accounts can evolve over time as QBs let’s you add accounts on the fly.