To piggyback on Henry's comments, he's spot on with #4.

Even discounting the ocean, ca has the highest and lowest spots in continuous US (and you can do them both in the same day if you are fit enough).  

In the process of trying to find a property manager right now, but perhaps those will be good spots to find one.  

Killeen and Harker Heights do have some good spots and various multifamily options.

@Theresa Harris is spot on.

  $900 seems to be the sweet spot right now and most of those cost 45-55K including fix-up.With all that said, I'm positive I spend money on the properties in ways that most landlords at these price points do not. 

For further background, I’m looking to purchase a spot around 750K, but want to seller finance 100-200k of the price to reduce the need for a large down payment / keep myself liquid for renovation costs. 

Jewell, you're spot on about focusing on a property's weakest areas.

You’re spot on about both FHA 203k and Fannie Mae HomeStyle loans being great tools for renovation projects.

Renting by the room doesn't make sense for a lot of people but when you have 4 bedrooms and 4 parking spots it might.