Investing out of state as everyone else suggests is probably not a smart move especially if you are new to rehabbing a home.

That's what I do...Especially the smart ones...

Be smart.

I don't think it's intelligence, because I have seen some really smart people who fall in the 90% category.

You are smart to consider this from the property sellers point of view prior to jumping in!

Thanks guys for your input and smart heads!

With that said, it would be smart to structure it in a way that will actually help the tenant buy, and you sell.When structuring a LO you will take a down payment called on Option Fee.

Hard money lenders will (if they're smart) forbid you from getting a second mortgage on the property.

SFR's are harder to control as they are more spread out.Taxes and maintenance tend to be higher on a per unit basis compared to multifamily 5 units or more.The Dallas market is healthier than many other parts of the country.With SFR's the renter usually gets more space for the money.Also the SFR will usually appreciate at a higher clip per unit once the economy turns around versus multifamily 5 or more.If there is low housing supply and permits for new builds versus more demand for housing then rents will go up.I believe many potential tenants don't see purchasing a house as a smart move in some markets so they just want to rent and let someone else handle the upkeep.I would just make sure that as inflation and commodity cost rises that your SFR are not to far away from the core.There will be in the future a wave of more intown living to reduce waste and cost of living since wages have pretty much remained stagnant.

It might be smart to call their existing landlord and get some feedback.Good luck!