HOWEVER, I recommend reading Stuart's advice above very carefully and perhaps soliciting his feedback on the deal in more detail before putting too much more time into it. 

That has led them to continue to jack up rent prices and often, push out good tenants for the sake of an extra $100/month.

I think it’s the only way to go, learn a lot, you care for your property the best you can, etc.Steven

Be careful of SVDP.

Well it will need to be life changing events like having kids, new job, divorce, taking care family members etc but the rule of thumb is to live there for at least one year then being able to rent it out and converting it into an investment property.

Thank you76542 is going to be the best zip code to be in. 76543 you are going to want to tread carefully and be sure to check the specific neighborhood and street you are looking at. 76549 has 2 divisions that are very different.

But unless they advertise the seller finance (and be careful as most are really bad deals), then you'll need to talk them into it.

This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".

I provide all built in appliances but not the fridge unless it came with one and I don't care about it.

If you are taking care of things, any punitive damages would zero or very small.