@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Personally, in this market, I would work on saving up and really doing my best to find a great opportunity and pull the trigger then.

Simplify the structure as much as possible, have clear roles and responsibilities that are not overlapping (meaning only one person is allowed to make certain decisions) and a clearly defined exit plan.

This is a FREE service provided by the bank, and we have used this account for about 15 years or so. 

I actually had a fire MYSELF, yes personally. 

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.

I would get on the phone with a local lender through a local bank. 

I personally own a property in Windsor Hills Resort, right next door to Disney World, and we absolutely love it.

Personally, I'd start looking in markets you're familiar with, similar to what you said in your post.

Then your best bet are probably community banks which have more flexibility (albeit worse terms) than larger banks and also worth looking into are DSCR lenders.