Make sure it's legit by asking a question a buddy couldn't answer quickly.

Be sure that you are honest from the jump, your estimated rate are only as good as the info you give them.

1st step is to make sure that the electricity is rated for having electric heat by the electric company.

Considering the area  I am not sure how this poster's LTRs are going, but I own 2 in the area and have helped multiple investors buy and then lease their LTRs in the Buda/Kyle area as well - all are cash flowing.

Now, you can get some wholesalers but they usually don't know if the property will fit the requirements and regulations but you can learn that from the Realtor. 

If so, make sure you're abiding by those terms.

Looking forward to learning from each other!

Most places that I know of, rentals are still renting fast so I am not sure why two months in you still don't have it rented.

Don't be so quick to indebt your paid off townhome until your learn creative financing and review all your options.

I wish you would have told us the year, it makes a huge difference.Anyway, everything you mention, plus 1) get a camera run on the sewer line, 2) make sure the Elec panel is newer and sized correctly (a lot of HIs will just say if it's functional or not) 3) Foundation ( is it slab or raised?)