That said I am also reading that a higher price to rent ratio may indicate areas where it is more attractive to rent than to buy.  

That is what it is all about.It sounds like your property is quite the income producing piece of real estate with multiple income sources.

Prices look attractive, but lots of investors there.Decatur is probably a place to look, Krum, Gainesville, Sherman Denison, Midlothian, Weatherford, places that aren't off the radar, but still have good growth prospects and maybe a few demand drivers.

You will have some bridge loan options here, but your more attractive options may be limited due to seasoning requirements with commercial aspects.

Not only will you attract families in the summer, but you will also have older couples come to places like Florida during colder months up north.

But, they are structurally separate and both income-producing.

However, my mother is asking me to visit her to help with some matters, and I'm struggling to balance both responsibilities.My property needs some work to be rental-ready, and I want to make sure it's done properly to attract good tenants and maximize rental income.

What towns are popular and attract guests? 

There are some attractive financing solutions available to investors with options available up to 85% loan to value. 

It's the "in your face tell it like he sees it" style, which is polarizing and for sure will attract a number of people and will repel a number of people.