Communicate clearly about timelines and potential obstacles.5.

Houston, on the other hand, has higher appreciation potential, a growing job market, but also higher entry costs and more competition.

Big potential downside- both a selling and buying agent are involved here and I believe they're expecting their 3% each. 

If not for you and you prefer the traditional route, I would explore potential "up and coming" markets such as Acworth, Cartersville, and Douglasville, where the price-to-rent ratio is a little more favorable, and growth is apparent.

Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different. 

Hi Dave, welcome to the real estate worldCollin, Denton, and Grayson counties are great picks with growing demand and strong rental potential.

Future enhancements include the planned Silver Line rail alignment with nearby stops, as well as potential commuter bus services, pedestrian paths, and bike lanes.The development benefits from proactive rezoning by the city, transitioning the land from industrial to mixed-use urban development.

What are your thoughts on its potential to deliver financial freedom quickly compared to traditional real estate investments?

Seems like you are only 1-2 properties away from potentially replacing your civil engineering income.

Their money, your labor is a potential disaster in the making; what if they don't like the install?