Sherwin Williams 1464 is my personal favorite.

If you have enough equity another favorite option is to buy one with cash and one with maximum leverage so you have the best of both worlds. 

Rent-by-Room is one of my favorite strategies since you can buy a large single family house and rent it out by the bedroom vs. renting the whole unit out, you can get 1.2 to 1.5x rents by doing that strategy.

@Dave E.

One of my favorite things about this site and others is that often responses suggest an entirely new way to think about the problem.

Originally posted by @Shakeema E.

Schedule E vs.

So Rob,What are some of the locals favorites...Any recommendations that you like personally.Texas has the chains, Whataburger and Taco Cabana for fast-ish dining, that most people like.

The beauty is that your tenants may be able to cover that "new, added debt" for you, AND, you'll have that liquid cash to start over..... but you better do those numbers carefully.or.... go with either of the plans you mention.... it all sounds good.

I've currently got a portfolio of 45 properties in Austin TXD  I'm tapering off of buying rentals only because I need to preserve money and because I want to build more liquidity in general rather than just equity.