I realize I am leaving out subdivision costs and other factors, but you get the idea. 

. · Better rates from vendors because they have large volume of work for them and get special treatment.· Quick turns when property becomes vacant, quality work at reasonable rates.· Saving money for their investors.· Providing great experience for tenants and realizing that a happy tenant is the key for a successful investment.· Help plan repairs and keep you updated on upcoming repairs in the near future.· Willing to admit they made a mistake and correct it.· MOST IMPORTANTLY - Manage the investment not just the property – maintain the asset in optimal condition, constantly increase cashflow, limit liability and avoid issues with the investment.1st Type of Owners/Investors:· Appreciate the work done by their property management team.· Pleasant to work with.· Treat the relationship as a partnership.· Extremely diligent in their initial search for property management companies.

Soap box aside, OSAP is real debt that will be factored into lending decisions, so best to get it off your plate. 

Basically your INITIAL out of pocket is $0.....but then you would need to come up with the remaining amounts out of your own pocket (and don't forget to factor in closing costs).  

That will be a large factor.

That should probably be the deciding factor.

First the positives; It's cheap, Temple is growing, to the south you have Austin, and to the North Waco with the Chip and Johanna factor.

San Francisco is short of homes by a factor 7 when compared to more stable markets.

From there factor in mortgage, taxes and any other expenses.

and a myriad of other factors.