I know property managers in every state who use non-refundable application fees and it is the standard for every class of property and applicant.

Potential redevelopment or ADU play. 

Here’s an example of what I've used if they don't qualify based on what's on application. 

Any advice on potential MTR markets near Houston and surrounding areas?

There are never full photos of the mechanicals and basement and roof line so you will never have even a bare inkling of what the potential repairs will be.

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Are there any key factors or metrics you look for when analyzing a neighborhood's potential?

Hey, congrats on finding a potential flip—it sounds like you’re on the right track!

Personally I use RentRedi (free with BP Pro) for management and Zillow for applications and screening.

These requirements are solid, keep them: Application: Everyone aged 18 or older must complete an application.