Like Chris mentioned though, you may want to do a deep dive to make sure it’s a good option.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

@Tyler Sherman For your rentals (I'm assuming), they are reported on SchE and supported with f8582 as mentioned. 

Thanks @Dan Heuschele, yes this is what I was referring to, thanks for elaborating, I should have mentioned the reason, I just assume people know why :-)We all know that most people will not do the annual descaling (and it has to be done by a licensed plumber with a receipt retained as proof), any more than people drain their tanked water heaters 🤣I can't see any plus to using tankless heaters.....except they have a much smaller footprint, which might be needed in some builds.

From that post, I mentioned that I am a new investor looking for my first househack in the Dallas/Fort Worth, TX area.

To offer a viewpoint not previously mentioned, consider asking the seller to subordinate their 75% to allow your private money to take the first position.

The 4th group they do not mention is "not deductible at all."  

As others mentioned, a turn-key property for that budget might take you to some challenging areas.For that budget, I'll suggest looking into Detroit and trailers.

Not to mention the lack of actually wanting to work and make something with your life that is prevalent these days!

I do wanna say, when I mentioned earlier about the 2650 in rent, I meant from tenants.