I would suggest taking the route of option 2 or 3, so not only are you saving over 10k in rent per year but the residents help in paying down the debt.

.- I would highly suggest you plan on using a property management company.

I'm looking to find unbiased reviews of their service.Thanks! 

Taxes is not my area of expertise so I suggest readers consult with their own tax advisor on this subject. 

While the staff at RTR do try to work with you and accessible, it's important for potential investors not to be swayed solely by glowing reviews and comments.

Industry experts suggest the current uncertainty creates ideal investment conditions for those willing to enter the market.As we step into 2025, we wish our valued readers prosperity in their investments, clarity in their decisions, and success in seizing the opportunities ahead.

My suggestion would be to get an investor friendly agent who knows a few local markets and have them guide you in the right direction.

If you are someone who has a bigger portfolio that you manage I would suggest appfolio or yardi.  

You can probably find some around DFW in some of the outer cities for around $250,000, so 1031 the ones with the most equity into more properties with chances for more appreciation.One thing I would suggest is not to buy NEW from the big production builders. 

I fell off the wagon when I saw a bullet point that indicated all second story apartments have an elevator and their suggestion that it was possible to get 1000% Plus Potential Cash-on-Cash return in the 1st Year.Where has SCDC built?