If it would concentrate on rent collection only and do it well, it might be okay.

Once you have the discipline to handle what you already have, then you will be ready to invest.You are carrying a bucket with a hole in it.

@Cole DobbsIn addition, I may be able to help you and connect you with some key real estate investor players in the Houston, Texas market since I am an Investor myself that have done most of these real estate investing strategies and also an investor-broker who has helped over 400 investors like you. 

There is a ton of risk for the seller as we know in these deals and there are bad actors in these deals as well.. ran into many of them buy sub to never pay of the mortgage rip the rents and down the road..some off those folks got criminally charged and got prison time..

Any pros/cons on either or any other operator suggestions would be greatly appreciated. 

Quote from @Tannia Castro: I would say the key would be to narrow in on an area (this could be a city if you are not from that area and investing remotely), or this could be a part of the city (some local streets) if it is in your backyard.

Welcome to the community and be ready for a huge amount of information at your finger tips.

Lots of investment in the region as well so hopefully quality job growth will continue.

We work with a lot of OOS investors and showings, inspections, and lending can all be done remote very easily. 

There are a ton of online resources.You could also look at the Arcade1 cabinets as well as the Gamer Legends stuff.