However, in emergencies or cases involving health and safety, we would attempt to contact the owner first and, if unsuccessful, proceed with the repair as outlined in the contract.Regarding the hot water heater, do you know if it genuinely needed to be replaced?

Local florist closed their shop after they tried for a year to sell their business.  

Term 12 years so that payment is just about the same as local renting market pricing.

Are you investing in your local market?

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

You might also consider private money loans, local lenders and so forth.

But I would rather rent it out so it could be our first/foundational rental property and we can continue to grow our portfolio.We've been looking to rent for a while now but with the local rent pricing it is just as expensive/affordable to purchase your own condo than to rent.

He told us the same thing...he had health problems... 

In Houston, you can either invest locally or explore strong Texas markets like San Antonio (affordable duplexes, strong job market), DFW suburbs (duplex-friendly zoning, growing economy), or Houston suburbs (Spring, Cypress, The Woodlands for good schools and tenant demand).

Quote from @Paige Gardner: Does anyone have Any HML recommendations I'm a beginner and want to get started right away but want to weigh my options  Local to your market, happy to connect to help or point you in the right direction.cheers!