The only other option I see is a short sale, if you don't need to purchase for a few years and don't mind a temporary credit hit to save the $60k.  

Try to narrow down your options to the top 3-4.

There is so much MORE work involved as opposed to buying a fixer-upper and rehabbing that!

Buying a turn key rental, in an area you know or knew well, with a property manager you've met and trust, in an area that is large enough for you to have other options to find contractors and property managers? 

And if it were set up where everything went through a title company so the buyer pays the title company, they manage the buyer's loan (from me), and the title company ensures my mortgage is paid without my direct involvement... what parts of the transaction would feel risky or not worth the headache to you? 

According to the agent involved in the deal, they think I can get these numbers...

I have been told to stay away from lease options in Texas.

Hi hive,I am new to investing and trying to learn from the different options out there.

It works great for many people -- not me -- but it might be your best option considering your distance. 

FHA loans can be a good option here, allowing you to put down a lower down payment.## NetworkingNetworking is key in real estate investing.