I live in El Paso, Texas but there’s not much potential for my goals here, what should I do?

There is so much potential there, yet it will take some heavy investment to get it looking like what is going on at all sides.

Conventional are personally guaranteed, show on your credit and the hazard insurance has to also match the vesting.

Hello,So the inspection report came back with these red flags, the offer for the house was 300k, then i asked for 25k reduction and they take care of all the hazardous stuff but they said ok for 25k but you take care of everything.Anyone know how would approximate be to:1) put chimney flue2)do knob and tube rewireing (i heard it will be costly around 30k)3) change furnace4)pluming and asbestos (not sure if I should do anything for the asbestor)any help will be much

Heather I cannot say what it would cost as I am unsure of your property details and Tampa market although in FL is a different submarket, but to give you an idea I have a 3k sqft house a half mile from the intracoastal valued at about $1.1M and I was paying almost $8k for STR compliant Hazard with wind. 

Your network is the most important piece for any potential returns when you invest out of state.Hope all of that makes sense.

would they potentially approve it for some making 60-65k a year? 

Gordon,You need to find out if there are any Environmental issues (either actual or potential). 

Simple 1007 option for your appraisal will depict potential rental income, AKA eventual DSC ratio (hopefully) greater than 1:1. 

In that case, I might cash out now, since you probably have a low tax liability, and then find turn key out of state properties with good growth potential and more landlord friendly, than CA.