House hacking in Houston, especially near Rice University, can still be a smart move, but it requires careful planning.

The ordinance requires 90 days or more to not fall within their short term rental ban.

Even then there are some requirements. 

Regarding the ones that require more money?

You will have to put a higher down payment in order for you to meet the LTARV requirement. 

In general they aren't/shouldn't be doing the money side of things because many states require licensing for that. 

I'm seeking guidance regarding my initial rental property, which requires significant repairs.

In other words, if you're not required to work 40+ hours for your job.

However in the past I've done the majority of the physical labor and have grown weary of this part of the process. 

Theres tons of resources about finding lenders and investing with no cash if thats the route you want to take -- but you can also start out with wholesaling as well which requires no large sums and can get you exposed to great deals as well.