You could, certainly, find homes to hack in areas that are just a short drive or short ride by Metro rail, at a fraction of the cost in and around the Medical Center, and the Heights. 

Which are the emerging sub-markets that are expected to boom in 5-6 years. 

Having one can help you sleep better at night since you have emergency money available, but their best use may be in finding a great deal to flip.Affirm to yourself why you began in real estate investing, combat the fear, and search for the next great deal, with a focus on building cash reserves for the future.

Every partnership varies, just look for a win-win.That said, the areas around the Hopkins Medical Campus and Hospital are very hit-or-miss.

Do this until you have (1) money for a real down payment (FHA style OK); (2) at least three months of living expenses in cash; and (3) a few extra reserves for unexpected bills and/or enough credit to cover emergencies. 

Often when parents charge their children rent they return the money to the adult child when they leave for them to buy  furniture, or have an emergency fund, etc. 

We take small distributions monthly and keep a comfortable savings account for any emergencies. 

One big reason for this is that LAX has emerged as a central receiving point for personal protective equipment sent from other countries, according to the Los Angeles World Airports, the city agency that runs LAX.

I will definitely look into more properties in the region outside of Waco (closer to bigger cities/possibly emerging cities).

I think you are right in my needing to expect and prepare for future maintenance i am going to increase both repairs and capex to about 10% respectively and focusing during the first few months on building a bit of an "emergency fund" to cover unexpected costs if any occur before my capex and repair budgeting accrues enough to cover something like that.Thanks very much for your guidance!