Second because they can’t borrow the amount over the property’s appraised value, even for the furniture.

Personally prefer SFR..Not sure about DFW but do have a realtor reference for you..be sure to budget for furniture and furnishings if not sold turn-key..a seller concession is a great way to preserve capital for MTR or STR's..check in with @Joseph Chiofalo for an investor friendly lender..he's excellent at helping structure loan programs for investments.

Pick one that you like the most and stick with it.

It's helps to list out what you have to offer for each of those dimensions when picking a market.

It's a lifestyle for them, not something they pick up in their off time and leave off easily when there's something else to do that occupies their interest.

@Jonathan Greeneyou need to link to your other post about how to pick a market. 

Never built one, if its straight driving range the cost is in the land as the only equipment is the machine to give the golf balls, the balls and the tractor to pick them all up. 

You can pick someone, they can pay before they move in and if they're great people who pay on time, genuinely take care of the place, never cause or have issues, and pay on time consistently, then property management is easy.

@Alex HafnerTo pick up on how to invest in real estate, you might want to watch some YouTube channels like Meet Kevin, Graham Stephan, BiggerPockets, Matt McKeever, Coach Carson, Morris Invest, Investment Joy, and Joe McCall.

Thank you and sorry for picking your brain too much Mike :)