I personally would suggest raising the rent and adding in a higher Vacancy buffer, especially if you check the local rental rates and see its plausible based of comps.

I am looking for suggestions on some areas around the greater Dallas area that one could consider as candidates in order to start a "real estate career".  

any suggestions would be great!

While you're learning and saving up for your first true investment property I would suggest analyzing deals all the time, even if you can't buy them.  

I am currently focusing on my overall financial literacy so I read a book a week or more.Any advice on where to start or book suggestions are appreciated.

So I am new to the site, and thought I would get some feedback regarding the lending process and flips.

There are some creative ways and I would love to hear from people on their experiences.

I have been involved wi...

@Mike Hurney thanks for your suggestion, though I confess I'm not sure what I should have said differently.  

For example, that home did not have washer/drier, refrigerator etc and has wall cooling (a couple of them have to be replaced) and few minor replacements and siding needs little work as well.Any suggestion would be helpful.Regards,Prabodh

Any suggestions on what are the best ways to build a buyers list?

If you're going to be in Augusta this week, I'd suggest hitting the local REIA meeting to meet some investor friendly agents and local investors in person.