Was that person me or another person as that sounds like something I have been telling people? 

You look like the kind of person who is going somewhere.

However, a common benchmark is aiming for at least 6-8% cash-on-cash return based on your total investment (purchase price + rehab + closing costs).Always factor in appreciation potential, tax benefits, and personal risk tolerance.

When ready, start with a small property, near home, with enough capital in reserve to handle adversity.  

The issue was a person sold their home subject 2 and the person who bought it stopped paying.

@Zoe Brennan You can use the info below to pursue either real estate sales or investment sales:)Why does everyone want to chase strangers – and ignore their own personal network?

@Raif Jochim I personally like having my primary paid off.

You will quickly find, as you generate local person-to-person relationships, how many opportunities open up! 

If the tenant fails to provide proof, I would reach out to a local attorney about handling the lease violation appropriately, especially since Texas has specific landlord-tenant laws.

@Antoine Black  In general, yes, it goes off your personal credit.