I recently came across a property through an agent with attractive numbers for a house flip.

That would be “leaving money on the table.” 

Second, people with criminal records are in need of housing and have made great tenants for us.

My W2 income is very high (+$500k), excellent credit, but I hate my job and I want to leave within a year or two. 

Occasionally if they have other assets maybe she can keep the equity of the house and he gets to keep his full 401k or something like that.   

The first hurdle was convincing them to leave via cash for keys.

The price point for a positive cash flowing single family house rental is typically 120-180k purchase price here so I am sure you'll be able to scale very quickly here with the capital you're working with.

Seems like you should not have to but showing they broke house rules leading to damage may help. 

Many Texas cities are incentivizing developers to build affordable housing units, but challenges remain around keeping these homes accessible long-term.

Leave it in your name, get a new insurance policy and call it a day and rent it out