A quick scan of Texas law reveals it to be pretty backward in this area and he may or may not be right that if he owns the building outright he is not subject to the FHA.  

Rightfully or wrongly they will often reveal what the seller will take Let them know you will be putting in your offer with them.

Searching online for terms such as “real estate investment firms”, “real estate syndicators”, “real estate private equity” and most likely about a dozen or more other search terms should reveal the websites of many syndication sponsors.News Articles.

(Speaking with a lender will reveal this)Where do I want to live?

People will post everything about their  personal life with no consideration what so ever as to who may be reading it.The worst tenants are the ones to most likely post the most revealing info for a landlord to use.Not sure you should check up on current tenants, regrettably most landlords think their tenants like and respect their landlord.

I cannot wait to have my BIG reveal!  

Also, listen to podcasts and webinars and some of the hosts and guests will reveal their criteria.  

Usually a google search will reveal a lot but definitely try to verify anything you may see there. 

After you know who you're dealing with, a title search reveals obstacles like back taxes or unpaid utilities, mortgages, mechanic's liens, cloudy municipal easements, claims from mysterious heirs, and so on.

When you analyzed the market in the purchase, did the rental market reveal higher vacancy rates or rental supply in the area?