If you have good credit 720 and above your rate should be around or under 7.75% with only 15% down.I have seen rates that high but last time I checked it was on a DSCR with low fico scores. 

We want to check into them as a replacement but don't see why they won't run into the same issue.

Virtually no tenant knows what paperwork to fill out and sends you a check for $250 or whatever for the rent deposit.#7 Not sure what notice you gave them before, but NOTICE TO VACATE is probably what you want.Just get a copy of your lease, if you have any proof they didn't pay get that together and hire a great eviction attorney in DFW. 

Yearly inspections, great I do them 2-3 times a year it’s my property would like to see them and check on them.

Check out Cleveland! 

Check for comps on Airbnb as well.

Hi, if you are interested in commercial property management check out this--We at 3PE specializes in delivering tailored solutions to maximize the return on investment for your commercial property.

I'd rather see you learn by doing, investing that $30,000 or so and making some mistakes, than just spending it on education and ending up with nothing but a little knowledge.You can also check out LAREIC https://lareic.com/   or maybe if you live somewhere else another local club. 

You should certainly speak with a real estate attorney and then double check their solution with a CPA. 

I recommend you checking the Midwest market.