I am a working professional with a full time 9-6 job.

Maybe even in Nagodoches (I think I partied there 20 years ago when I was in the Marines...

Network with local professionals.  

I also know many of these same people lost everything, due to the behavior of a single tenant that is known as a "Professional Tenant," or maybe an inadvertent accident occurred.

Plus a 8 bedroom or even 6 bedroom house is normally considered a party house, because it's exactly what the partiers are looking to rent...the bigger the better.... so you better screen extremely well.

My 5 year goal is to become a professional real estate fund manager.I happen to live in NYC where there is a large concentration of people with 7 figure incomes who often have a difficult time obtaining a more than nominal return on their at-risk/disposable capital.

I think this part is depending on the exact location and supply and demand.  

The other part is catering your business to fit your personality.

I need a pro who knows how to do professional work in a timely manner.Thanks for any help you can provide.

Your agent needs to reach out to to the escrow officer with cancellation instructions, this document will say who will be receiving the earnest money and all parties must sign it.