@Frank Nguyen, depending on the exact area that you choose, this might work out for you.

You could also consider seller financing, where you work out a deal with the sellers to pay off the remaining mortgage balance while securing the deed.All these options would help you avoid the risks of not holding title to the properties while also giving you access to the equity you've built.

Less desirable and by no means luxurious but not dangerous, no intensive management needed, properties unlikely to appreciate much over time but very attractive from a cash flow perspective.

While there's been intense debate about banning STR’s, the strong property rights laws in Texas make such a ban a non-starter.

The math still does not work out to $8,340.

In the future if they do, let them know about the non-payment of this tenant and that you are reluctant to take another as a result.Serve notice at the home-leave the work out of it.

I'm currently buying properties for myself out of state and hiring property managers - I would plan to do the same here, so my role would not be particularly hard or intense. 

The problem is everyone else is in the same mentality, therefore if rates drop more, then competition rises, and so do prices (think 2021 but not as intense). 

The approval process is much less intensive than it would be for a conventional loan as the DSCR loan is low doc and will primarily be based off the cash flow of the property and your FICO Score.

If things don't work out, protect your $!