Being the first person he calls up would certainly be a nice bonus for future properties as well.

If you think you can price property properly, get proper exposure, and be available to show unit then you may want to give it a shot.  

You can give them incentives like a bonus if meeting the agreed schedule.

surprised you didn't look a bit north (about 3.5 hr drive). okc is a pretty good rental market (even currently). additional bonus: no outrageous property taxes like in TX (everything is, after all, bigger in TX).

Plus they hire vets which is always a bonus in my book!

Since you bought the property before Aug. 2017, you won't get the full 100% bonus depreciation that the new laws allow, but you would if you bought another property now.

This way if they do really well you get base rent plus a bonus above a certain threshold.

I agree that for a sale you will have good exposure to cash buyers by listing it on the MLS.

The faster way to limit your exposure is through implementing the use of a Traditional LLC (without the series functions) to take over all your operations - and housing most of your highest liability actions.

How does one decide what is personal property for the purposes of the bonus depreciation?