I am thinking more towards Galveston.

Also, searching the properties on the county tax auditor site shows that the property taxes on both properties haven't been paid since 2020 by the previous owner.

I think that could be much more valuable than @Adrian Clapp's link that pertains to commercial property from someone who clearly lacks understanding of the metro area.

I understand that a rental listing will not generate as much as a sale would, but I think a minimal standard should exist (especially since I plan to buy properties in the future).

He says that’s fine.What do you all think? 

Purchase price: $550,000 Cash invested: $200,000This is my luxury glamping site near Houston, Texas called Cameron Ranch Glamping.

How it goes from here is dependent on the market, how the deal is financed, the sponsor's plan to patch things up, and the skill/ability of the sponsor.If you have some time, check out this forum thread, it has 279 responses as of today:  https://www.biggerpockets.com/forums/960/topics/1185204-ashc...I think you'll find some useful input there. 

You may want to use listing spark- which will provide MLS (and other marketing sites) exposure for a fee.

Some of you guys think the rate is a random act of weather ?

Hello Tatyana,I think that there is a lost art of Seller financing currently, I think that you can make the argument that seller financing is safer than buying a CD in a bank.