In my opinion it comes down to finding the right fit and building the relationship. 

On a positive note we did build a new house to the specifications of a specific tenant. 

Then you can self-manage and learn all about tenants, contractors, etc. 

Start building relationships with retirees who want a better return on their money.

And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.

It isn't like this a condominium where assessments are paying for common parts of the building like the roof, etc.Prior to this, I didn't have much experience serving on an HOA board and have therefore relied on the management company for their opinion on certain decisions. 

@Amir PortalStarting the BRRRR strategy in the Dallas-Fort Worth (DFW) area is a smart way to build your real estate portfolio, especially with the area's growth and rental demand.

There will be moments when challenges feel insurmountable—deals that fall apart, difficult contractors, financial struggles—but the only way to succeed is to persevere.

My wife is a Top25 Realtor in Ft Wayne, I'm a licensed contractor and home inspector.

The deeper your market knowledge, the stronger your relationships with agents, contractors, and lenders, and the better your deals will get over time.