Given size and likely complexity of this type of building, I would imagine you are looking at close to $100k.  

@Justin JohnsonYou need money to get money (leverage) - having an fha mortgage did you put 3% down.Until you get 20%+ down it’s going to be more complex to get leverage and I would argue even if you could get leverage borrowing money with no reserves is a very bad idea

The challenge for Texas is you are competing against new and remodeled apartment complexes.

We have added layer upon layer of complexity to keep it working, to the point now where it's a mess that nobody even those administrating it get anymore.     

While the landlord defined the dwelling unit as his single-family home; the court, after analyzing the statutory definitions of the term, the determined that the dwelling unit at issue was the separate room being rented to the tenant.[2] As a result, the landlord had converted his single unit dwelling into a multi-unit dwelling that was subject to Oakland’s Rent Adjustment Program since the individual rooms were not alienable separate from the title to any other dwelling unit.Under the court’s decision, tenants in Oakland renting rooms in a single-family home or a condominium are entitled to the protections provided by Oakland’s Rent Adjustment Program.

For the past few years I’ve been periodically posting about complex, somewhat hard to implement, and time consuming strategies and tactics that I’ve used and can be used to “accelerate” wealth building in real estate.  

Your situation isn't to complex for the right tax professional to save you money. 

You already realize that trying to handle this remotely is adding complexity and risk.

Our economy is complex, stating that a single indicator can predict the future is like reading tea leaves. 

Scaling a real estate fix-and-flip business can be a complex endeavor, but partnering with an earnest money lending partner can provide the financial support necessary for rapid growth.