You also don't need to send physical checks, as the deposit stays in the resident's name.

There is verbiage in Section 11.131 of the Texas Property Tax code that states that exemptions only apply to residence homestead, defined as the portion of the property that is occupied as a primary home.

Also the owner still lives in the residence, so its unlikely he wants to leave (my assumption).

I will explain.During COVID (at least in my market FL) you could rent an outdated house 15 miles from the beach and other attractions and decorate it off of Facebook marketplace for $2,000 and rake in cash. 

I am curious about this as well as I have a single family that was once my primary residence, I moved out and am turning it into a rental property.

We found it is helpful to one of the our target groups of residents, first-time, working-class tenants.

I work for a full-service brokerage that specializes in investing, particularly in working with non-US residents.

Since this is a DSCR loan and I already provided account statements with proof of funds and my mortgage statement for the principal residence, I didn't expect much more would be required.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence note investment investment.