If you're visiting 1-2 times a year (I visit my out of state properties twice) the costs aren't small relative to the cash-flow. 

I visit often and have always loved the personality of BK.

You'd probably need to estimate a general rehab budget by visiting the property.

@Chris Masons, the DST and TIC are kind of kissing cousins. 

The property manager I was working with at the time also provided a bottle of wine for all the guests at the beginning of their stay, which worked well.Since you live in NY, your target renters are probably a lot different but I think it's still important to consider what type of place you have, in what neighborhood and what kind of tourists you are hoping to attract. 

It's kind of similar to Success magazine but maybe a bit more aggregated.

Robert, Thanks for the kind words.

Is this kind of loan available in all the states and can a first timer take advantage of it?

HiI wish that will be true...What kind of preparation investors should do and what kind of investment we should target here in DFW if this become reality ...?

What kind of things are you looking for in particular with slab houses.