Older hoods built prior to about ~2000 usually have no HOA in DFW.

What city in Texas are you located?

Location is not all that bad, but it is very very rough. 

I found the home as a for sale by owner by owner and it had a four car garage in a great location with a large lot.

It is important to look for locations with strong economic growth, rising demand for housing, employment, vacation and infrastructure developments, as well as properties that offer the potential for value appreciation or steady cash flow.

They’re located in PLEX.  

.- Located in a C- to B neighborhood—close to amenities and mostly safe but not for everyone.- Converted to a rental in 2024; initially rented for $4,750/month, but tenants moved out, and the soft Bay Area rental market has made filling it challenging.

There are a multitude of factors that come into play such as the type of property and its location, and the structure of your investment portfolio.

@Kathy Diamond as others have mentioned Memphis and other midwest locations are ideal for the 1% rule.

Currently in negotiations with Singh Development Company to purchase my rental home (as in condition-renters moved out) located in Columbus, Ohio with Seller Carryback Financing.