@Andrew Boettcher as to the cockroaches, you are 100% correct- but it is the same rational, a questionable course of action that is not at all a solution. 

This has led me to look at properties in the following high school districts:>Mustang>Moore>Westmoore>Southmoore>Edmund and Choctaw fit his bill as well, but the values in Edmund seem too high and there does not seem to be a lot of market activity in Choctaw (please correct me if I am wrong).The strategy behind these numbers is to buy in cash and then perform a cash out refinance a little down the line.

All real estate is local so what you read and study may not be correct in your area.

@Chris Jensen That is correct!

@James Miller As I understand it, the 179 deductions are available only for commercial properties, which would include apartment complexes but not single family rentals, correct? 

High or low, it results in subsequent educating and it's you who's left having to correct it to your potential candidates.

Am I correct in assuming that your showings and interactions with prospects also include a discussion about your screening requirements?

Correct on the 12 months of  seasoning.

If so, we would probably just have to be careful how we word things, correct? 

@Jonathan Bowen Yes, but if the listing agent is providing the MLS forms to the seller, the responsibility for providing the correct information for a "entry only" listing falls on the seller.