@Bruce Ng- thanks  1) are you planning to pay the seller the difference between the purchase price and the FHA loan amt ? 

Purchase price: $249,500 Our first home turned first rental property!

If possible, keep doing this into your next property that you purchase.

Within the purchase contract, are there any specific criteria I need to call out (this is anew build, if that helps)2. for the agent contract, it says they will be the exclusive agent - I get that makes sense in the context of this property, but can they make themselves the exclusive agent we have to work with across Texas?

Now we still get 10% +++ these numbers are based on cash purchases.

Purchased for 725K.

I'm not sure the deal pencils at this purchase price (even with the vacancy, repairs, capex, and management fee being zero).

FHA offers a 3.5% down payment option up to 4 units and Fannie Mae offers a 5% down option.If those down payments are too high based on the purchase price you can again, use a DPA program.

We purchased our first rental in Aug 2023.

From what I have read, the main benefit is early access to MLS for purchasing homes and saving on commission costs while selling homes.This leads to two questions: - Is simply having early access to new listings worth $600, or is it only worthwhile if I plan on flipping and selling a property on my own?