@Denise Lang some copy & paste thoughts:TYPES OF RENTAL INVESTMENTSRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

No damage from any pets yet and you may even charge a pet fee as well. 

Side note; if you google 46218 the only photo that shows up is a gross water damaged basement. 

Although sounds like some major damage has already been done.. having been in the note business ( private notes) I would personally never hire a servicer we handle all our own collections and servicing..

Although finding cash-flowing properties within Austin city limits can be challenging, the outskirts, where growth is booming, offer excellent prospects for both equity and cash flow.

@Frank Alfano Avatar is your ideal prospective client.

Plus damages.

If your occupancy rate drops, you may able to patch the damage by trying other platforms but this will further decrease your ranking on the system in the future. 

They're still trying to scam people wouldn't that help to keep the damage to a minimum?

Multi-family properties typically draw transient tenants, singles or couples without children, who stay only 1–2 years and cause moderate to serious damages.