Let me know if you want to get connected with data and resources in the area. 

Through referrals, investors from other areas of the country began to contact our company.  

How many contacts/leads are resulting from this?

On the other hand, pros include increased cash flow, engineer-based data for the clients CPA, audit protection (with the right firm) and the ability to deflect that recapture fee with a 1031 transaction.

The property owner can give those to the appraiser also so he can put it in his data.

I'm looking at expanding into out of state and just trying to figure out what questions I should ask/data I should gather to make an informed decision!

And IMHO, the prices are dropping big time (on avg. 10K/month...houses that were above 300K a year ago are not selling at 250K now) and the available rentals saturation is worse than I seen during summer season (with rents dropping from 1$-1.08/sqft to 0.8$/sqft and very little contacts and applications...just go in Zillow and look how many rentals are on the market now in Kyle, New Braunfels or Converse). 

I am making notes of your contacts.

Quote from @Jonathan Soto: lets connect, i can help with the refi if you havent found anyone yetI am still looking, whats your contact info? 

How is a text or call to a homeowner who is advertising their property for sale considered an unsolicited contact?