I am interested in investing in something a bit more passive as I am getting older and, while I love the real estate asset class, I do recognize the need for multiple streams of income. 

Many seasoned investors are willing to share insights, and shadowing someone experienced can fast-track your learning curve.You’ll also want to familiarize yourself with the numbers behind successful flips—acquisition costs, renovation budgets, and after-repair value (ARV).

Older hoods built prior to about ~2000 usually have no HOA in DFW.

There are older homes that will be a bigger problem repair wise usually.

May be due to the current off season.   

If this is an older home, the 12 month expenses of $1430 does not appear reasonable (the actual may be much higher).

You won't likely see an influx of renters though unless you did a short term rental during the winter season when the outage happens down there.

The cap rates seem to be inconsistent and not aligning with really anything...3% to 5% on older buildings with higher risk, not great tenants, in not great areas and not a lot of cash flow or even negative cash flow based on current listed price.  

I even see seasoned investors enroll in the program because they get more deals faster.

I have people that book for multiple weeks during season and I don't blame them for wanting a better feel of the place before shelling out $20K.