Most all others are government insured loans and are bought back in for the enormous debt by federal law.

They could lose their jobs or worse face federal charges as a fall person when the bank goes under.If you keep calling lenders you might find one willing to do the loan.Go here:  https://research.fdic.gov/bankfind/Put in county,city,zip code where the property is and you will get a list of places to check and call.

In general, Federal HUD law constitutes that you have to handout their pamphlet and make sure that the tenant sign that they received it.

Another downside is you loose on the advantages, of the Federal Tax Code, by not closing in the name of a LLC.

Look up Federal tax rates. 

And from what I can tell, the federal government owned real property (Vets Administration REO) isn't exempt from paying taxes in Alabama.

We hold that the Statute’s “opt-in” notice scheme, which required a homeowners’ association to alert a mortgage lender that it intended to foreclose only if the lender had affirmatively requested notice, facially violated the lender’s constitutional due process rights under the Fourteenth Amendment to the Federal Constitution.

Unlike other cities such as Cleveland, Rochester, etc. which adopted similar lead laws, Toledo doesn't have any federal grants to help landlords to offset the cost to remedy this situation.

You will need to add back the depreciation to get your real gain but you will only be taxed at 15% federal and your state taxes with no SS so it will be approx. 22% rate in Minnesota.   

Whoops sorry I should have stated it is FEDERAL LAW which includes Texas.Review below:The Fair Housing Act prohibits discrimination in housing on the basis of: Race or colorNational originReligionSexFamilial status (families with children)DisabilityUnder the Fair Housing Act, the following activities are illegal: Refuse to rent or sell housingRefuse to negotiate for housingMake housing unavailableSet different terms, conditions, or privileges for sale or rentalProvide different housing services or facilitiesFalsely deny that housing is available for inspection, sale or rentalFor profit, persuade owners to sell or rent (blockbusting)Deny any access to or membership in a facility or service (such as a multiple listing service) related to the sale of housingRefuse to make reasonable accommodations in rules or services if necessary for a disabled person to use the housingRefuse to allow a disabled person to make reasonable accommodations to his/her dwellingThreaten or interfere with anyone making a fair housing complaintRefuse to provide municipal services, property insurance or hazard insurance for dwellings, or providing such services or insurance differentlyThis Federal Law.