If this is your first property, you could consider starting with a smaller apartment building and going after the opportunity first, and the property as a secondary consideration.

But since you're in texas, I'd start with Bank of Texas.

It's a new suburb just starting out ,there are no large single family rentals ,it's mostly townhomes that are being rented out, which falls in 2500-2700$ .

The TLDR version of that web page and other related web pages is that, in Arizona, if you start a foreclosure action against a homeowner who has equity of more than $2,500 in his house using a tax lien certificate, the "defendant" can ask for excess proceeds during the foreclosure action.

I am however looking to start a rental management company in my area.

Maybe one the contributors on BP will see your message and start something like that.  

Im using Daniel Hyman's service this year, MyOnlineAccount, its nice being able to just upload all my docs in the cloud to get this started.

.✅ Landlord Reserves – Always have extra funds for unexpected expenses.To make sure you don’t end up losing money each month, use a rental property calculator or build a simple spreadsheet to break everything down.

.: When I started I moved to where real estate was the cheapest in the country.

Demo'd it and build a new 6,200 sq ft single fam. home (modular construction).