I had a mentor who stressed "you make your money when you buy"; the next place you get, be sure to haggle big time - and walk away if the price is not low enough.

Ask them why they decided to buy what they bought - it will give you all you need to know about their thought process and if they can procure a good deal for you. 

Quote from @Patricio Acosta: First comment I would say is do not buy something because it feels good.

I may also be buying another single family rental property several months following.

we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor. 

Buying RE is nothing like buying index funds or stocks - Google it for 15 minutes, click on buy shares.

This requires careful structuring and compliance with IRS rules.Installment Sales or Buyouts – Instead of distributing properties outright, investors can sell or buy out their respective shares over time, spreading out tax liability and reducing immediate capital gains impact.LLC Restructuring (State-Specific) – Converting the corporation into an LLC taxed as a partnership may allow for a more tax-efficient asset distribution.

It doesn’t matter if you buy a new roof in year 5 or year 30, you depreciate it over 27.5 more years, not 27.5 since you purchased the property.

No doubt buying the first property can seem very scary but ideally, you are working with a realtor and lender who owns STRs.

Based on the prices, now seems like it's probably a pretty good time to buy in Galveston.