My final question is that you said you are turning a profit, but with all cash that is confusing as you have no mortgage payment. 

Also does anyone know of any private investors in the Dallas area?

Still working on getting financing from a private or hard money lender

I just sent you detailed reply to your private message.

Let's have a chat and see how I can help you with your private investments.

On a whim, I recently reviewed a monthly mortgage statement and saw I'm paying $150 in PMI.

Private Placement Memorandum (PPM), Subscription Agreement (SA), and Operating Agreement (OA)These are the three most common "docs" for a syndication.

If you have $20,000 in equity, then you can require the buyer to pay you for the equity and then assume the remainder of your mortgage.

@Tom ServerI think that the 203k is not a good fit for your scenario because you are buying the property with cash and the 203k is a mortgage loan that includes the purchase price + the rehab costs.

While I understand this venture requires active involvement, I'm excited to take on this new challenge.I'm particularly interested in advice on securing a mortgage and developing a solid investment plan.