Now what you should do is contact the title company and confirm if title was going to be clean and marketable.

STR management is 20-25% (I would recommend self managing or getting a VA), since income is higher you could probably get away with 5% for maintenance / cap ex but remember you need to cover utilities and cleaning for these units which drives up costs.

As Plano is a pretty nice clean cut buttoned up type of community they don't seem to have a lot of tolerance even for just a few bad apples.Dallas is considering a ban. 

I did a check on a guy 10 years ago came up clean as a whistle on my landlord association screening service.

Additionally, consider operational costs like cleaning, staffing, and marketing, as they can quickly add up.For management, outsourcing to a professional property manager or leveraging tech platforms for bookings and operations could streamline things, especially if you plan to scale.

Then when the tenants moves out, you can assess if there's any damages or cleaning.

All our data was well-organized and cleanly presented (no dropping off boxes of unorganized documents in their lap).  

What I'm planning: buy and hold the property, brush and clean it up with intent to hold until cost of funds drops a little in 4-6 months.

Definitely helpful.I got a lawyer who did overcharge me a bit but the tenant left the property spot clean.

That said there are some nuances and requirements to property implement interest tracing so ensure you talk to your tax professional ahead of time and keep the funds movement as clean as possible.