However, using the 50% rule and checking out some online commercial loan calculators, I believe the deal could work, depending on what kind of interest rate I can get.Please correct me if I'm wrong.

Do you have a website or any online reviews?

In Texas, protests need to be filed by May 31st and most counties have access to online appraisals to check the values

Can you pay rent online?

If you take 'adverse action' (decline them or request a higher security deposit) on an applicant, you should provide an Adverse Action Letter to the applicant (many templates/guidance online etc).If you don't have acceptance criteria and appear wishy washy, it may appear (at times) as discrimination -- even if you're trying to be nice...

It has everything you need including free online videos and courses for you to watch and learn from.

Go on line I'm sure they will give you direction there.

I am considering the online courses offered by MetroBrokers Academy (http://www.metrobrokers.com/academy/online-courses).  

We are both very interetsed in real estate investing and just starting to educate ourselves Via Books, online engines such as BP, and we recently attended Than Merrill's workshop in the city. 

When I look online I see nearby duplexes that have sold at a price that would substantiate my value in the $180k-$200k range.