@James KhailSounds like you've boiled down your options to:a) in state property with tenant-friendly regulation, self-managing in a low-income neighborhood with possibly higher turnoverb) out of state property with less landlord regulation, professionally managed, in a nicer areaIt comes down to personal preference and your time value 

What do I do and how do I handle this situation professionally?

Ask em if it would be of value having a professional handle all the everything?

.- DM us for one that will do for flat fee.4) Highly recommend having property professionally inspected, including sewer camera.

There are programs that offer 100% financing for many different people like Veterans, First time home buyers, (Certain states), Medical professional loans also offer 100% (Anyone with a Medical license).You also have Second Home or Vacation home which only requires 10% down.

Lubbock has a low barrier to entry and has several backup economic drivers by being the primary hub (agriculture, financial, healthcare, material goods, transportation, entertainment) for an area the size of most states east of the Mississippi.

Having moved to Texas from Tennessee, I'm actively exploring the local market and excited to connect with this community to gain insights and knowledge from experienced professionals.

Couple things I wish someone told me when I rented out my primary in Katy:- your taxes will go up dramatically over time - cash flow is inconsistent- while Katy is a fantastic rental market it's still competitiveTo answer your questions: - yes, the homestead exemption will increase your taxes at a faster rate but you can protest them either yourself (I don't recommend as I've tried and it was a pain) or with a professional service- To start, you're either going to pay for books, classes, etc. or pay the school of hard knocks.

Here are five important things to consider when making your decision:Certifications & Licenses: Hire a firm with AMO accreditation and CPM professionals to ensure best practices and ethical management.Local Experience: National firms aren’t always better.

We agree on the direction and how to go about it but we would like it written in a professional outline that has been done before.