I compared notes with an AZ investor and his property tax is half of my Indianapolis suburban rental (owned almost 11 years) and his house is worth twice as much. 

Almost complete renovation What was the outcome?

If the tenant is smart, they know they can take you through housing court for this and just simply stop paying any/all rent & fees owed. 

Purchase price: $120,000 Cash invested: $100,000 Sale price: $300,000 Home was completely renovated cosmetically and partial plumping replacement.

Profit Potential: Fix & flip can offer quick returns if you buy properties below market value, make strategic renovations, and sell at a higher price. 2.

I think living in the house for a year would be beneficial, too, because you would qualify for a lower downpayment, but you would also be able to get it set up yourself while you are living in it to save even more money.

If not, then the 75% rule can apply but only to offset a maximum the housing expense for the subject property with no additional overage to help your debt to income ratio. 

Account Closedkeep the house in Texas as a rental, and house hack when you move back to California.

I'm in the Bay Area houses here are very expensive for me to start with. 

Purchasing a house in Bremerton, WA but we live in Nevada.