If you live far away, professional property management is an extra expense you simply must incur to safeguard your investment.Experienced builder and property manager Rusty Meador notes, "No matter how good of a real estate deal you find, it is only as good as its ability to be managed well."

A desire and ability to share their knowledge4.

Rules:-buy a deeply discounted property with the ability to significantly increase the ARV. 

@Justin Rademacher as long as you (or perhaps a spouse) have time freedom (the ability to respond and engage an issue when it arises), a willingness to put in a fair amount of time in the early stages to learn an active business and profitability is more aligned with your goals than protecting your time by outsourcing, then yes it’s totally doable.

It's strictly between a flipper (contractor) who has the capital and abilities to do the work and the homeowner.

There are too many great tax benefits for RE investors that are overlooked by tax professionals who do not have the time, knowledge or ability to be strategists for investors. 

Ask yourself if the damage affects the long term ‘hold-ability’ of the property?  

it's just easier than the more advanced strategies...House hacking still takes significant due diligence, skill in analyzing the market and the property, time and effort to learn about tenant screening and property management, the ability to anticipate appreciation/depreciation trends, etc., etc., etc....and even with lots of skill and preparation, things will still go wrong (vacancy, plumbing leaks, bad tenants, etc.)

For example, if the investor put down a 20% down payment ($60,000) on a $300,000 property, the cash on cash return would be calculated as follows: Cash on cash return = $12,000 / $60,000 = 20%.Debt service coverage ratio (DSCR): The debt service coverage ratio is used to determine the ability of a rental property to generate enough income to cover its debt payments.

The most they can do is pass a bill that tightens regulations on tax hikes, pass a law that allows residents of Texas to vote on tax increases in their local community, or increase state funding for public education (the largest item that property taxes cover).