Place good residents, make sure the block is nice (just not the street) and you should be fine.

If you are getting a true turnkey home that hit's the 1% rule there's a very high probability you are in a more challenged area where the residents aren't as consistent over time. 

The resident takes care of everything and usually stays 3-5 years at least. 

It depends on the lender but at a min they must follow TX SML or lending laws in the state in order to compliantly lend in TX, on whether choose to apply this guideline to all types of occupancies or transaction types (non owner investment, second homes/primary residences, etc)80-85LTV on rental properties is only on the purchase for fannie/freddie loans but on rate term refinances its max 80% and cash out max 75% for 1 unit and up to 70% for 2-4 unit cash out conventional.On HELOC's and rentals are up to 70-75% depending on the HELOC investor or product.Its good to distinguish between what the lenders are willing to do and for which product and also these loan products must abide my state law as well as an additiona layer of "overlays," on top as well (whichever is worst / most conservative).

We only use deadbolts so residents can not lock themselves out.

Investment Info:Single-family residence buy & hold investment in Stafford.

We recently had an ESA Great Dane (with all the proper ESA documentation) that bit another resident. 

@JD Martin it will , because I can than get a primary residence without the car debt showing up on my debt to income

I believe you have to make that your primary residence for at least two years before moving to the next one. 

@Frank ThomasA few clarifying questions:Do you plan to live in it as a primary residence?