Personally, I'd start looking in markets you're familiar with, similar to what you said in your post.

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

@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).

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

A person get's a sense of walking through via the order and angels of the photos.

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. 

The Individual plan is perfect for the investor who has established investing strategies and is looking to scale. 

Offered to intern/work for him at half the pay as his personal assistant if he would teach me everything he knew.

Better option for personal use but perhaps not rental. 

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