Quote from @Michell Chase: It isn't a large amount but my concern is that if I remove the tenant in July I have no deposit in the event that there are damages to the unit. 

If anyone has a DD checklist for such properties (and/or anecdotal thoughts on the same), can you please share?

Welcome to the community and be ready for a huge amount of information at your finger tips.

This could be a fantastic way to invest, receive higher returns than you would in SF, all while learning along the way.3.

However, if the deal is average, waiting to house hack could provide a better foundation for your portfolio.

Jarrell is on the north side of Georgetown and within the very fast growing Williamson County.

@Eli Kantor The complex I still follow having invested and owner occupied is over 30 years old and has 340 units.

I think that the tax perks from having a rental make this more attractive than it might initially seem, but I have only done some quick internet searches, so I could very well be overestimating the upside and underestimating the downside??

Depending on the state, you will need a designated agent for your LLC, in that state.

I really liked the condition of the property plus the seller financing helped seal the deal.