Answer will largely depend on;A) Language of the lease agreement,B) The local laws related to enforceability of language in lease agreements.No answer can be given without knowing both factors, as well as knowing how your local judges would rule on same.

@Hadar Orkibi, Hi,  You need to factor in the Seasoning of 6 months into your calculations.  

There is no title company, everyone has to show up to closing and other factors. 

Ideally, it would send out reminders and also allow the payments to be exported into an accounting program.I see from the forums there are ones for US banks, and i was wondering if there is something similar for Canadian ones.Thanks

Your ideal strategy is to follow my directions in this post.  

Austin like other markets has much to offer but you need to know what flavors you want.Anywhere close to Austin proper is very competitive and not ideal for cash flow.

Ideally markets that are not already overpriced. 

Owner financing could be ideal, and if she is currently taking a loss, just giving her some positive cash flow a month would be a big improvement. 

Ideally would love to be as close to the water as possible, but open to anything!

The main factor in good or bad pictures is lighting.