The property is in a trust with out of state owners that are highly motivated to sell, which leads me to believe I can get at a discount.  

@Eric Doe I think Texas is going to be a great place to stay and build your empire...about 100,000 people from California alone are flowing in each year.Check out and research STRs more, it's the best RE path I've ever seen.....this forum is an incredible resource....

Your tenants can agree to early termination, but it may require you to financially motivate them. 

This basement was redone two years ago with an incredible contractor who's well known in the area and the basement is extremely clean and spotless.

If you are looking to invest into real estate, I have found this site to be incredibly helpful.

Second, the best advice I can give you (as I did it) is to stay active, engage the community, read forum posts, listen to podcasts and stay motivated.

House hacking has an incredible ROI when you only have to put 3-5% down.

To really understand it you have to be incredibly familiar with how all lines of the balance sheet, profit and loss, and statement of cash flows interact, which most people simply don't, particularly at the level of specificity required for a huge firm like this. 

I have a couple leads, but no one is motivated to sell right now.

It gives me additional motivation to get out!