Most of my renters are nurses, engineers, and tax payer funded employees (Government workers). 

The patent on the 30 year with taxes and insurance was 3900 or so.   

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

The property was rented and generated $160 cash flow after mortgage, taxes, insurance and property management fees were paid.

Credit is a factor as bad credit may limit options, or may have the lender require you to put 10 or 20 years of taxes and insurance into escrow. 

This allows us to close extremely quickly, which is an important competitive advantage.I don’t know how to read our own tax returns, and I’m certainly not going to read yours.

I assume they collect a proration every month for property tax?

Someone can be a brilliant tax person but horrible to work with, and also vice versa. 

For example, you could create a weighted structure where a percentage of profits is based on cash contributions, and another portion compensates for rehab or management efforts.Rent Payments and Tax-Free Profits:If you structure it as an owner-occupied property, the rent you pay could be shared proportionally, but tax-free gains on resale may only apply to your share, as you’d be the owner-occupant.

Texas is definitely a strong market, but keep in mind that high property taxes can eat into your cash flow.