Many successful investors started small, such as with house hacking or buying affordable properties to rent out.

We don't want a mass exodus in a non peak season for renting.

Then definitely get a quality PM and rent it out for a bit.

I'm using Baselane for accounting and rent collection.

You can use airDNA for market statistics to see what the property would rent for and to to see what a comparable nearby is yielding. 

What would you say to the first time investor looking to buy, rehab, rent, and refinance in Dallas?

Is your client building to rent, or build to sell? 

There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

You’ll be playing for appreciation and rent growth.