Personally I would want to manage the rental myself at least in the beginning to make sure you get good ratings.

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

It was a personal referral, received a credit at closing for renovations as well How did you finance this deal?

I'm a passive investor and these properties are in a different state than I reside in so I'm not there in person often. 

Better option for personal use but perhaps not rental. 

Awesome to see a new investor-minded person here.. do you have a favorite real estate success story already?

I personally hate them and think they are little more dust magnets but will add some if crucial. :) 

I personally don't know of their group but figured id link that article since i remember reading it and the name clicked. 

They will schedule an inspection to verify that the second bedroom does in fact exist in the apartment.I am not sure, I believe it’s because this apartment is only being rented by one person on the lease.  

I actually had a fire MYSELF, yes personally.