You could always have your cake and eat it too.

I pondering doing something similar in Anaheim, CA, because Disneyland is a huge tourist draw; however, I'm hard-pressed to think of a similar attractor in Dallas.  

Cash flow is simply the icing on the cake.

2 ways... quicken property management. it's like excel, but presented better. tons of features and a cake compared to quickbooksreceipts - a portable scanner... everything gets filed in special hard drive under year, month, $xx - place of business - date. this way i can find every receipt in 2.6 seconds.

I have some experience investing, I bought a Multi-unit in Anaheim about 3 years ago with a partner and recently sold a SFR I bought in 2003.

If property appreciates, then that is the icing on the cake.

Lindsey,My wife and I live in Anaheim and would be willing to be Partners in something like this.

@Amanda Han has a great company out of Anaheim CA that specializes in tax planning/strategy for real estate investors.  

And the icing on the cake- if your not using a buyer's agent, the listing agent just takes the full commission (6%) for the property.  

We provided the fix and flip financing for my client who bought this home in Anaheim, CA last year for $368,000.