I recently found a tenant prior to closing and tenant moved in the day they closed.

(Management contract ends 2 weeks prior to tenant lease ends)I was thinking of sending a letter in the mail introducing myself lettIbh the tenant know my plans two months prior to the lease ending.

The third option is to sell the note on the open market prior to the completion of your exchange so the note buyer purchases it out of your exchange acct. 

(B)   Except as may otherwise be permitted by applicable law, Tenant shall not perform or contract with third parties to perform any repairs of any kind on the Premises without the prior written consent of Landlord.

@Aadejoke JagunnaNot gonna try and give a lot of advice here do to the fact I am still new to the game as well and I do not live in TX.I just recently purchased and rehabbed my first property and one thing I wish I had done prior to buying was looked into setting up an LLC.

As practice, I'd love to crunch the numbers and come up with a price I think is fair, then compare that to the winning bid at the end.

People in Friendswood commute longer to work compared to their Pearland counter parts.4.

Check out her prior rental history, even if it's from many years back, it may be significant.Retain a security deposit that will cover your needs should she default in paying her rent and/or cause damage to your property. 

first time home buyers and prior foreclosures only correct?

Similar to the prior posts, unless you have evidence this was specifically caused by tenant negligence it may be a difficult case for you to win.