Usually the numbers don't work to build in these neighborhoods, unless government tax credits, etc.Do you see the problem with your two statements:"The turnover costs could/will be high"and"How much more damage could they do?"

I did not start buying investments for another few years as I concentrated on building my sales funnel and getting those two years of tax returns done. 

IF you need 100% financing and lets say its $200k deal, the lender will be interest only at $150k at 12% = 1500/mo + taxes. insurance etc.

Do you have an idea of the total tax credits?

It's a more affordable market and lower property taxes, so you may actually have a chance to cash flow.

If you continue filing taxes jointly the income you realize from your separate property will still need to be explained and redacted, regardless of the type of entity holding the real estate.

I have family in Houston, Dallas, and the Valley, I was networking with brokers in San Antonio, but the Taxes seem to be quite high as well in that State, although much favorable laws/regs on the landlord side.

For example, what is the monthly revenue for the property and what are the "All In" expenses, including mortgage, taxes, insurance, utilities, repairs, etc...

The big advantage is having the capital gains spread out over many years to avoid a huge tax bill.

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.