You can find great investment opportunities out here that are under $200k.

There are no restrictions preventing out-of-state investors from purchasing rental properties in Texas—these investors enjoy the same opportunities as Texas residents.Additionally, the financing restrictions you mentioned don’t align with reality.

I had the opportunity to talk with the owner and he's a great guy, he did his best to make sure I was well taken care of. 

@Micah HuffmanFrom what you have said here, it sounds like you have your hands on a very good investment property/opportunity.

What has been the conversion of those leads to signed opportunities?

Turnkey or close to turnkey would be nice, but willing to consider a fixer upper for the right opportunity. 

A 1031 exchange does not apply to primary residences.If you plan to use the proceeds to buy land for a business, consider whether the land qualifies as an Opportunity Zone investment.

HOA management for a bunch of peripherally involved out-of-town investors is probably a great opportunity pass along overpriced contracts to your local buddies. 

There's a few opportunities to buy quads, tris, and duplexes.

I'm interested in evaluating RE investment opportunities in Dubai.