Since it sounds like you have strong W2 income and would probably be okay paying the mortgage sometimes, I'd even explore a 5-10% down payment option.

Sharon, thanks for sharing these stats—Houston is clearly holding strong!

Start by researching affordable states with strong rental markets and landlord-friendly laws.

My recommendation would be to choose potential markets - in several price points - that have strong rental demand and year-over-year rent increases and that also are in markets that are appreciating. 

There is still strong demand for Austin area housing.

If they’re late a third time, you have a strong case for eviction for habitual non-payment—without risking the tenant showing up at the 11th hour with the money.For your specific circumstances, with only a partial month behind, I would guess there is a decent chance they can come even on rent and it would be a waste of your time.

It’s been a strong performer ever since.

Columbus in particular has been a strong market for both approaches, with solid fundamentals for long-term appreciation and cash flow.

Blue Ridge is a strong market with plenty of potential.

Hi Fredrick,It’s great that you have two strong applicants for your property!