As far as median household income, all 4 major markets in Texas are above the national median, so as far as "fundamentals" Texas looks attractive, that is why is a competitive market with more investors flocking in - does it makes sense?  

@Dale RanftAn ex-spouse is not a disqualified party to an IRA.One needs to be careful, however, that there is no indirect benefit to a disqualified person, such as a child of the ex-wife still living in your household.

The combined household financial numbers and info would be your concern, not trying to fully qualify both individually.

Here is why:- Shortage of housing stock (builders have not been a participant to cause oversupply of inventory)- 25% of US homeowners have mortgage rates below 3%- 40% of US homeowners have mortgage rates  below 4%- 35% of US homeowners are free and clear of any debt encumbrances- Credit qualifications for homeowners this cycle has been the best in US history- Household balance sheets are strong- 90% or more of mortgages are vanilla conservative 30 fixed- There has been no speculative lending that we saw in the run up to 2008- The REO market is non existent (no foreclosures)With all that said, the debt homeowners have is now the asset and not the real estate itself. 

Our household income together would be $55,000 per year plus an extra $10,000 in school refund checks because we both were fortunate enough to not have student loans.

But must be verified by 60 day history, and must be a gift with no requirement to pay back.Reserve Requirements 3-4 Unit owner occupied properties must have 3 months PITIThree (3)- and Four (4)-Unit Property The maximum mortgage amount for the three (3) - and four (4)-unit properties is limited, so that the ratio of the monthly mortgage payment, divided by the monthly net rental income does not exceed 100%, regardless of the occupancy status.Livable Conditions The property must demonstrate the following characteristics: A continuing and sufficient supply of safe and potable water under adequate pressure and of appropriate quality for household uses.

I invest in Dayton Ohio in zip 45403 the median household income is around $24,000 and a 3 bedroom property will rent for $700 a month and a 2 bedroom 1 bath cottage will rent for $550-$575.

Average rent is less than 20% of household income within a 2 mile radius.  

I was planning on locating a list of high income households in my state with an interest in investing.

@Quentin Moore the only twist to what I said is that large properties that sleep 12-16+ are usually occupied by multiple households/families.