Can you give us some numbers/details on the properties?

@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and  perhaps you can do a short sale (though I don't know the details on how that's handled in TX).

Every adult must be screened and approved, period.Here's a detailed guide on how to screen applicants: Application Screening Guide

Keep detailed records of income, expenses, and improvements, and choose the right filing approach based on your comfort level with these rules.This post does not create a CPA-Client relationship.

You need to watch this video from an attorney on why insurance is not the answer to protecting a property from a lawsuit.

Watch as many Brandon Turner and David Greene videos as you can on BRRRR. 

Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!

Here's a bit more in detail about how rates are calculated for DSCR loans:1.

I might have a partnership opportunity for you in San Diego but still gotta figure out some details. 

You can find us online.Current Ideas: Video Series on Passive Investing in MHC, Tax Benefits of MHC, Investing through 401k etc.