Unless you want to have an in depth foundation of modern value investing, Security Analysis is overkill because it doesn't have much in it about REI that you won't get from The Intelligent Investor. 

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

I know turnkey can get a bad reputation but there are several reputable providers there and if you hold them long term they can be good investments.I’ve done the DIY method and so far turnkey is better for me in my opinion anyways.

When I first started out looking for deals for other investors and got into wholesaling, I had to try a few different methods. 

But a lot of methods just didn't work for me and my personality.

Hi All, I have a property in NY that was damaged by water, then mold, and now is ready to be repaired before sale. I have holding costs, and M concerned that it won't sell before the holding cost money runs out.  The ...

Then, when you send the accounting of their security deposit, deduct that fee.I assume your lease and this fee is in compliance with TX law and TX law allows this fee to be deducted from the deposit.

If you have 16k cash and can afford the holding costs, live nearby and can keep the property and rehab materials secure it might work out.

@Logan Jorns Would highly suggest getting in touch with a securities attorney (as also pointed out by @Chris Seveney).

For example, you buy the place and the tenant could claim the Seller allowed them to paint the walls black or that their security deposit was twice what the Seller claimed.