I am in this for the long haul so even if I only cash flow $50/mo, I am okay with it since it is my first property.

I’d rather do the higher pet rent than the one time fee, because it adds up much more over the long haul, and has a huge effect on a cash out refi if doing a BRRRR.

Keep piling these on and you'll increase your chances of getting rich over the long haul! 

Keep in mind if you are keeping the Riverside home for the long haul for children it will be challenging.  

Having said that, I am ready for the long haul. 

And then like I said mostly averaging only $200 per door so you have to be in it for the long haul.

Even after this, I've had late payments, but never had a tenant reach out to me proactively before its due to let me know.If a tenant doesn't pay rent but instead uses that money for a new toy, vacuum cleaner, car payment, vacation, food, medical needs, or otherwise, I don't care. 

I want to finally work Smart, not Hard (I mean I'll work hard, if I have to yes, I am not lazy), and make income by not doing so much or being so stressed, etc.

But I am open to hearing advice and suggestions since I am very new to real estate investing.South Dallas will give you a much better ROI on rental income but North Dallas will appreciate more over the long haul.

Just tell him you are in for the long haul and you want to establish a relationship.We have a broker on our team who was willing to take a note for part of his commission.