My main concern right now is being inexperienced and jumping into a market like Dallas which is very very hot right now.

I know how frustrating it can be to have a bad property manager, it was the main reason I wanted to get into managing.

Main Home: My thoughts were that they have breached the contract by not providing the keys or allowing entry to the property with proper notice.

FHA is attractive because of the low down payment but PMI will kill your profit for a year before you can refinance so I am gearing towards conventional loans for my first deal.

One of the main reasons I chose my brokerage is how much they work with investors. 

My credit which is usually in the mid to upper 700s in the upper 600s right now due to the new card and mainly the debt utilization rate I presume. 

Cap rates are not that attractive.

Since we don't live in the states, we're trying to get creative with our funding and investment areas but we haven't seemed to pick definitives in either category (although we have been checking out Georgia and Ohio mainly since they seem to be in our budget). 

The increase exposure on E&O is the main hurdle. 

I am assuming the house is not in a great neighborhood.However, if he is not in a rush, I bet you can find a buyer in 150-185 range because it is still a cheap investment for out of state investors.Your main problem, you will need a cash buyer.