Just like @Harrison Colunga mentioned above Riverside and San Bernardino counties may have some good deals and if you're willing to commute a little bit, this may help out. 

I'm VERY new to all of this, I don't have much of an idea on what contracts to use, to use or not to use an agent in the process, typical deposit I should put down while finding a buyer, etc.

Its priced well, needs work(which is fine) but wondering if anyone has had any experience buying, living, or managing any rentals in this area or near it?  

If you're local to Houston, check out this meetup - https://www.spacecityrei.com/eventsIt's monthly and you should definitely try to make one if you can.

He called locksmith which cost 350$.Now, tenant wants me to deduct the amount from the monthly rent.Generally speaking , whose responsibility is this?

I'd recommend working with a tax professional to accomplish this. 

Very helpful. 

Haven't heard about Houston or San Antonio, but just like many cities nationwide they all feel the need for more affordable housing and have hopes urban infill can help that. 

I have more than enough net worth and global cashflow to cover a gap, however because most of my net worth is in collateralized real estate, I cannot directly access by say cashout refinance. 

Share your thoughts, tips, and experiences—let's help each other navigate these opportunities!