And as a precaution, after you have sufficient advice, I'd edit/remove your post with his letter just in case.

@Steve Vaughan  however you get to drive your mini van through gods country.. one of the best kept secrets in the US.. and to be able to be a self sufficient landlord and live there well does not get any better than that

However, beware the self sufficiency rule. 75% of net rents must cover PITI.

Do you think a broker would be sufficient to navigate the process?

San Antonio is a good market and like many markets are going up in value and more difficult to get sufficient Cash Flow.

I don't like the "dead money" regarding higher taxes and even property insurance, but this is offset by aforementioned factors such as ROI and appreciation that I feel are sufficient buffers, at least in my mind!

Also if the insurance is deducted in escrow by naming yourself as an additional insured on the policy will this be sufficient protection?

Last and possibly most important,  is the application does not provide the landlord sufficient legal information such as drivers license, social security number, etc... 

After doing my research, I know I have sufficient ways to add value to this property over time (mainly due to its location, the house is in bad shape).My biggest problem is I recently started my w9 full-time job, and finished college, so I don't have nearly the money required for a down payment and can't get a loan because I haven't built my credit yet. 

To Ken's point..