I realize this a somewhat vague question and I want it to be that way to get as much feedback and light on the topic as possible.

I realize this a somewhat vague question and I want it to be that way to get as much feedback and light on the topic as possible.

Get a non-refundable deposit from them at the signing of the assignemtn agreement and if possible a POF or bank statement showing they can pay in full at closing.

Wanted to get some ideas on how I can incentivize him to be motivated to get the job done for as low as possible without obviously cutting corners.

We have two excellent property managers without whom our long distance investing would not be possible. 

@Cheryl Bunch I specialize in distressed properties here in Houston and I will be more than glad to help in anyway possible. 

I will continue to look for any deals in Dallas, but it would truly help if you can provide me any contacts (if possible) in the dallas area such as RE agents, brokers.And what do you think is the best financing route i should take while buying a property?

I think James brought up a good point about factoring ALL expenses and not just mortgage when assessing a possible rental property.

Stick close to home if possible.

If you are keeping it and renting it out you want as close to a standard neutral palette as possible.