I've also watched a few of Mitch Stephens' videos and regularly listen to his podcast, RE investor summit. 

this will either put you at ease or cause you to lose sleep.  

Last year in addition to my regular real estate transactions as a real estate agent, I bought and flipped a SFR.

I know that many of the leading sites mentioned above may reasonably be expected to eventually experience defaults from their borrowers.Therefore, consider a scenario such as this on any of the real-estate debt crowdfunding sites: - The borrower pays regularly for 9 months, but then defaults.- Default interest rate of, say, 25% kicks in thereafter- Loan remains unpaid for the following, say,  18 months before the crowdfunding site is finally is able to foreclose and sell the property but the Property can only be sold with enough cushion to repay investors' principal and only a little extra interest, but not all.  

Here's why:(1) You get to be a homeowner, with all the privileges and responsibilities that entails, and you get to learn about homeownership and maintenance without having to worry about pleasing (or not) and dealing with tenants.(2) Getting qualified for a loan as an owner/occupier is much easier and requires less down payment than buying investment property, and, as long and you follow the IRS guidelines, any profit you make when you sell may be tax free.(3) You have the option of buying a home that needs some work (generally cheaper, but also in high demand in this market) and putting in some sweat equity while you live there and/or getting roommates who pay YOU the rent (which is kind of like having tenants, only a little more intrusive).I wouldn't recommend investing in another city (like San Antonio) unless or until you know the other city pretty well, you don't mind traveling there on a regular basis, and you have a bit of your own homeownwrship experience under your belt.I'd be happy to discuss further anytime.

-Move in (with a sleeping bag and hotplate if necessary!)

You should post this in the regular.  

If you only see tenants during your regular inspections you have a perfect tenant.

Our one daughter was living in a 4br/1 ba house over on Fort Avenue and paying 450.00 for the room, which I felt was overpriced( she was renting month to month so she was paying a premium for that) however when the landlord rented out one of the small rooms to 2 girls and there very mean dog and then had another person sleeping on the couch( 6 people, one dog. ..4br ,1 bath)  I thing the landlord paid about $90,000 for the house.

This is also why I cry myself to sleep 3-5 days per week. : )