So this is creating more competition and more agreesive rent rates and/or concessions like 1 month free to get those vacancies filled.

If you’d like to explore these options or have questions about financing, feel free to reach out! 

I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.

Attractive Tax Environment for InvestorsGermany offers favorable tax policies for property investors.

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

My mistake for not inspecting the property beforehand. Paid 12800.based on google mapsThe property is a mess. Need to clean the junk out of house .. hoarder . Bathroom and kitchen need redone. Large tree in back is de...

Feel free to keep us updated on your findings here.

I reduced my responsibility to only taxes/insurance while the tenant buyer does the maintenance, pays utilities and makes monthly payments to me. 

and that was owner occ.. todays rates are pretty normal actually. what you can do if you want though is find a really good HML and let them place a loan for you making 10 to 12% while your wait for things to change to a situation that you feel you want to move forward be more net return than buying a rental thats for sure. of course no tax bene's but there really is not that much tax benefit on one rental.. so just some alternatives. 

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.