If that’s the case, I’d recommend considering areas outside of Dallas proper where you can still find properties with strong growth potential.Cities like Prosper, Melissa, Princeton, and Anna are excellent options to explore.

Ultimately build equity by having tenants cover mortgage.

Not certain if similar in your market, but in our market the payments often take around 90 days to start coming in (they'll get caught up on what is owed) so if not already aware of the payment schedule it may be worth looking at in case you aren't prepared to carry the mortgage for a few months past your vacancy period. 

Mortgages are the last thing to default for a homeowner and appreciation has been so high in Canada that every homeowner who has purchased before 2022 has gained equity and could just refinance their loan over a longer amortization before defaulting.

Owner carry financing, hard money for renovations, then refinanced into a long-term mortgage.

I have done quite a few brrrr, but the market interest rate results in large negative cash flow when properly allocating expenses for a sustained hold.  

Loan Officer, Brave Mortgage called me and we started a refinance option to be able to hold the property and get out of the balloon payment.

Then pay down a few current mortgages that are at 8%.

The idea is simple: purchase a property, live in one part, and rent out the rest to offset your mortgage or even generate profit.

Conventional owner-occupied mortgage rates are above 7% today (source: Mortgage News Daily - Mortgage And Real Estate News).