I've seen you post quite a few times now; I recommend listening to the first 300 episodes of the BiggerPockets Podcast and returning to the forums when you have a specific question.

As for your out-of-pocket costs, it really depends on the property and your specific situation, but budgeting around 5-10% of the purchase price for these extras is a good starting point.

This is actually an interesting view, and admittedly I know nothing about this specific industry.

I have a specific dollar amount that I keep in there for ordinary repairs, emergencies, or capex.

Specifically, there's job growth (Intel, Honda, Amazon, Nationwide, etc) and the population is growing (unlike Cleveland or Cincy).

If you have any specific questions reach out.

Would like to get honest opinions on where I should get myself looking- as specific as possible as far as towns. 

More specifically, Garland, Rockwall, and Waxahachie.

The strictly legal answer is that you must apply your criteria evenly to avoid accusations of discrimination (i am not a lawyer).The most important part of this is applying criteria when you offer a specific property at a specific time.

This residency requirement would apply for a specific period, so it's important to be aware of its potential impact on your plans.Its important to carefully evaluate the distinct investment opportunities offered by Colorado and Florida.