@Chelsea DiLuzio the Midwest markets are way different than the markets out west!

Also, jumping into real estate straight out of high school is amazing! 

But if you can secure one with solid terms, it could be a great way to access capital while keeping the rental.If you believe in 28277’s continued appreciation (and I do), I’d lean towards holding the rental, increasing rents through strategic upgrades, and leveraging equity via a HELOC or cash-out refinance if the terms make sense.

So it works out. 

Eventually they will build out a system or understand the value of a good PM company and what to ask, look for and keep an eye on. 

If you are out of money on this, it's time for creativity and elbow grease! 

But as someone who tries to be as prepared and have as many questions answered as possible, I just cannot get past the doubts regarding the deal (there are just not any real comps, which in itself also causes me concern).For all of you successful investors out there, how many deals did you have to analyze/inspect before you finally ended up pulling the trigger?

Are there any central Texas builders out there that can offer me some guidance with these concerns? 

Quote from @Sofia Komrskova: Did they have to come out and install a meter?

Expect to work at least 60+ hours a week for the first year and make little to nothing for 6-12 months.You dont want to risk making mistakes due to inexperience or lack of knowledge by starting out on your own.