Since there is even less documentation to look at/review with this, pricing is a bit higher than your typical DSCR LTR/STR product, however, there are numerous ways you can structure the deal to make certain the #'s work for you.

There are numerous property tax protest companies in Texas.  

When I established my investor services business in 2005, I posed a similar question to numerous experienced property managers.

Underwriters want to see that the property is in an area that will support the valuation of the property with numerous comps so they can have confidence in the appraisal.

That being said ( and I will be interested to hear from some of the larger syndication groups ), I have found larger check writers (family offices hedge funds pref equity groups etc) often want some element of control and higher returns for their investment and so perhaps that is why larger operators accept smaller checks too. 

I've had to pull files numerous times from one lender to another and have credit repulled, but have never seen a different score come up (save if the new pull is 30+ days from the first). 

There are numerous ways it could go awry.

Many women are petitioning against the year limit since 20k for 12 months is really not a lot of time; I've received numerous emails about it. 

I have not done a deal with him, but I have met him numerous times and feel he is a man of good character.

It seems strange, but some statutes are old and outdated and have a few peculiar elements.