I hope the numbers work out for you, seems like an incredible first purchase!

Add to that the fact that VA has no mortgage insurance and rates on a 30 yr fixed are currently in the low 3's gives you an incredible opportunity.I highly doubt an underwriter would approve a VA loan for a part time residence in Texas, while your family is in California.If you want more info on your VA options.

When speaking in the third person, you can make incredible statements that no one would question.   

I understand that ANY rental investment is going to be more work than I can imagine right now, but I have done some incredible things in the past, and, for my 3 daughters, have no doubt that I can and will do whatever it takes to make it successful.

B and C-class properties are a bit intimidating, but I've been looking into techniques/tips for tenant screening, which should hopefully alleviate the worst of any potential issues.

Welcome Jason Lamb There is an incredible amount of information on this site.

Today, CLT isn't as pricey as PHX.1995 AND NEWER SFHs in good areas, are the only way to go-- still have some incredible bank foreclosure deals here.You can still get a 4 br 2.5 ba. 2 car garage under $200k and rents are at an all time high.The prop will cash flow from day 1AND appreciate nicely.

This is an incredible forum.

Also consider using some other techniques like lease options, contract for deed or subject tos where you don't need financing.  

As the subject stated above, I'm a new member from Northern Michigan who is incredibly new to real estate investing.