That gives me some ideas of how to proceed with my note investing. 

Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.

Not once has one member ever said the LLC saved them when insurance wouldn’t have. 

Most of your expenses on the Dallas property are property taxes and insurance? 

These programs offer options for less money down and in some cases DPA - Down payment assistance.As a banker for over 18+ years I am very skeptical when I hear a new name in the business only because its become tougher to lend with all of the new laws and credit/insurance requirements and regulations.  

With that being said we tend to see a lot of CA buyers relocate here for the lower cost of living including lower home values, property taxes, insurance, no state income tax, gas prices etc.

You should allow a 1-2 Weeks for the appraisal, and 1-2 weeks for title and insurance.

If you have insurance, generally, there is mold remediation coverage. 

Taxes and insurance will be another $400+.

That's easy compared to trying to fight and erroneous $13k water bill (a real issue we had) or an insurance policy tripling (that too).