I work on the border of northern NJ and want to move to Dallas to buy and rent property.

I am trying to buy a SFH in Dallas area and I am told that Frisco,Allen,Plano areas are hot and good for appreciation given all the new companies moving in and what not.

About me:* Experience: I already have one property under my belt but it wasn't really purposeful since we moved from Dallas to Seattle 7 years ago and just decided to rent it out, which has worked really well...now time to expand.

Here are a few things that position Dallas for continued growth and would help me to identify other markets for investment.

Here are a few things that position Dallas for continued growth and would help me to identify other markets for investment.

Hi James - it is a good area to consider, prices haven't gotten as out of hand as some other parts of the Dallas area.

The Motel is the only apartment/lodging within 20-50 miles in each direction and 11 hours from Dallas Fort Worth, Texas.11 units total with 10 flexible apartments and lodging and 1 unit for Management5 one bedroom or suite units with separate living room, kitchen and dining area2 studio apartment units with two double bed overnight units and one single bed overnight units4.3 Star Trip Advisor Rating -- 23% repeat businessTurn KeyTerms: Owner Finance - No Qualifying Loan for SellerPrice $350,000 w/ Down Payment of $50,000Interest 5.5% for 40 YearsPrincipal Pay Down - $10K or less = +2%, $10K plus = +4%, $20K plus = +4% (For example, I put $10,000 towards Principal and receive bonus of $10,200 applied toward Principal.)Income:Gross Income for 29 months (6/2015 - 10/2017) = $168,888.00Total Expenses for 29 months (6/2015 - 10/2017) = $81,200.00Net Income NOI for 29 months = $87,688.00Monthly Net Income = $3023.00Annual Net Income = $36,284.68 (Average for 29 months)*Gross Income for October 2017 = $6987.00 (Sturgis Rally)Gross Income from monthly apartment rentals @ $599/month per unitGross Income from overnight rentals @ $68/night per unit *(For 2018, raised to $73/night)Monthly units @ $599/month have been as high as 6 units per month, yet varies!

The Motel is the only apartment/lodging within 20-50 miles in each direction and 11 hours from Dallas Fort Worth, Texas. 11 units total with 10 flexible apartments and lodging and 1 unit for Management5 one bedroom or suite units with separate living room, kitchen and dining area2 studio apartment units with two double bed overnight units and one single bed overnight units4.3 Star Trip Advisor Rating -- 23% repeat businessTurn KeyTerms: Owner Finance - No Qualifying Loan for SellerPrice $350,000 w/ Down Payment of $50,000Interest 5.5% for 40 YearsPrincipal Pay Down - $10K or less = +2%, $10K plus = +4%, $20K plus = +4% (For example, I put $10,000 towards Principal and receive bonus of $10,200 applied toward Principal.)Income: Gross Income for 29 months (6/2015 - 10/2017) = $168,888.00Total Expenses for 29 months (6/2015 - 10/2017) = $81,200.00Net Income NOI for 29 months = $87,688.00Monthly Net Income = $3023.00Annual Net Income = $36,284.68 (Average for 29 months)*Gross Income for October 2017 = $6987.00 (Sturgis Rally)Gross Income from monthly apartment rentals @ $599/month per unitGross Income from overnight rentals @ $68/night per unit *(For 2018, raised to $73/night)Monthly units @ $599/month have been as high as 6 units per month, yet varies!

I am a full time law student in the Dallas Fort Worth (DFW) area therefore, I do not have a W-2 job which would make it near, if not completely, impossible to get a bank loan.Question: What do you all suggest I do to get started in real estate?

Prior to considering buying a rental house, I've thought through living in a van or box truck, plopping a shed on some land, or even living in an RV or on a sailboat.Details about me:25 years oldLive in Dallas/Fort Worth area and work from home 80% of the timeCredit score 800$20k saved$60k/yr annual salary