Hope this info helps! 

I have helped hundreds of investors execute 1031 exchanges and build diversified portfolios across various excellent markets, all while using just one property management service.

I'll be happy to try to help you start off "on the right foot."

Your realtor can give you all the actual sales comps to help you see the difference between the listing price and the actual sales price.I however do have a little contrarian advice. 

Are there any key questions that you’ve found particularly helpful for getting constructive feedback?

Considering the area  I am not sure how this poster's LTRs are going, but I own 2 in the area and have helped multiple investors buy and then lease their LTRs in the Buda/Kyle area as well - all are cash flowing.

I don't feel there is one answer to this question as every property is different and what are your goals, how much time do you have to manage, what are your strengths when it comes to working the trades, people skills, etc as that will help drive towards your super power. 

BP Community, I apologize if this is a foolish questions but I was hoping someone from a tax perspective could help me answer. 

The proposed rent from the income property can possibly help you qualify as well. 

I am partnered with a contractor who comes out to look at houses with me, so that does help.