I've never even been to the area so it's more just an exercise in thought.Are you boots-on-the-ground in the area?

Let me know if you'd like to see some sample deals when you are ready..

$122 for HOA gives you FRONTIER CABLE, 4 Community Centers, 4 pools, Exercise Room, Arts N Crafts, Doggie Park, Club House for events.

We specialize in investment property and I personally have completed close to 160 inspections so far this year ranging from $700K single-family new builds to $60K beat-up tenant-occupied duplexes and multimillion-dollar commercial real estate.I'd be happy to answer any questions further or send you a quote/sample report if interested. 

Therefore, I'll run these numbers as if I live there for 2 years.Appreciation Gains (using 3%): $30,450Loan Paydown: $11,074Tax Benefits: $0 (no cash flow)Rent Avoidance: $10,080Total Net Worth Increase: $51,604Down payment of 3.5%: $18,025Closing Costs: $12,000My total capital investment would be: $30,025Simple interest rate of return: 85.9%/yearI recognize that I didn't set anything aside for maintenance, capex reserves, etc. but that was a fun exercise.

To answer your first question our option fees are non-refundable therefore we get it when the tenant/buyer moves in...As far as your second question, our option fee gets applied towards the down payment when the option is exercised, and the down payment will get applied towards the purchase price when they go to close, so it all goes together anyway.

Here's a sample breakdown. 

So I want to exercise 4-5 more months of patience before I dive in.My question is, I want to keep in good contact/graces with the real estate agents who supply me with mls updates.

Please let me know if there are any sources that you would recommend to find to find a comprehensive sample Texas rental agreement for a single-family home. 

Honesty, looking out for the Client's best interest rather than their own, confidentiality, loyalty, obedience (within the law), exercising reasonable care and diligence, acting in good faith, no conflict of interest, proper accounting, etc.