I am not super familiar with where you are at down there by the coast - but I know there are some areas with good returns a little West of Fort Worth.

A positive is that the house has a super cute vintage feel to it with good curb appeal.

Think rust belt to sun belt (a super cycle), think east/west coast high company costs looking to relocate to Dallas to reduce employee costs and be close to key strategic transportation routes (DFW, interstates) linking coast to coast in a few hours.The long term trend of more renters has a lot of legs left (millennials, boomers), cost of a house is going up as well as higher rates so that will continue to keep people renting as well.  

You can get into stuff for super cheap now with MFHA down payment assistance.A good realtor and good lender are worth their weight in gold.

Example: I know making an extra mortgage payment each year is the "WRONG" decision mathematically (super low interest rate on a fixed loan and I could absolutely "do better" investing that money instead), but since it shaves 5 years off my loan, it makes me feel warm & fuzzy and the psychology component kicks in and I do it anyway.Are you trying to grow your portfolio?  

Mark A.I am not a 2nd or 3rd generation of super rich, I am just an average employee in Silicon Valley, making what would be considered a very slightly above average salary...I bought a handful properties in San Francisco starting in 08, the previous peak, and was losing $1000/door/month for 3-5 years...

I'll second the recommendation to get some advice on properly leveling the floor, and add that 4 mil is a super thin wear layer. 

its all over the internet.. lease options in a market like right now is pretty darn tough to almost impossible unless your in a market were the real estate is super distressed or war zones or both.

Always be super direct and try to avoid options.

This year I will just miss it probably.Moreover I am still a super noob still on my first deal.