I don't see any additional risks with having a higher volume of tenants as long as you're doing everything right (leases, background checks, etc).

Check out BP Podcasts: https://www.biggerpockets.com/podcastLots of luck.

I have never been to Texas but am planning on making a trip to check the area out.

Checking out Furnished Finder and Airbnb/VRBO (30 + day stays) is a good place to start.

Check that the property is setup correctly in the MLS - make sure it's not listed under vacant land or something weird. 

CPA/client relationship is definitely is something that needs careful consideration because want to find something that is the best fit for you in terms of risk tolerance level as well as budget.I just helped BP actually build out a CPA finder page so if you are still looking, check out that page to see service providers that have experience in working with RE investors https://www.biggerpockets.com/business/finder/tax-and-financ...

But even if you only wanted to pay your mortgage off faster and not invest, it works as long as you are disciplined, don't increase your expenses w/o at least a corresponding increase in income and basically use the HELOC as your checking account.

I do run credit & background checks that they pay for, but that is separate from just the application.

Joel has some valid points but, if you start talking about foreclosure rescue, you might want to check with the laws of your state regarding licensure requirements as a foreclosure consultant.

The goal was to have the trailer paid off and given your advice, we could add another double wide on the property or buy the property next to the one we would buy and not only are you living in your paid off trailer, you’re getting a check every month to go towards building the dream house in the back yard!