If HUD will only pay $1,200 combined then this tenant is not qualified and you should move on.This is an excellent example of how easily our welfare system is defrauded.

Excellent, Tyler!

And since they live in that world they will be able to give you excellent strategical guidance.

Great little house.I can see why it's rented so much--it's very nice.From the picks, the "Outdoor Grotto" with the sunbrella table looks more Ghetto than Grotto and does not keep with niceness of the rest of the house or the rest of the pics.The table looks like trail dust has been on it forever, ditto the chairs, and the leaves look messy compared to the rest of the excellent house.Maybe clean it up and get a blue new looking sunbrella (???)

My credit is excellent, but still went with FHA for the lower rate at 6.5%.

I'm creating an excel sheet to help calculate whether properties are more or less likely to be profitable for STR.

Then visit the NARPM website to find an excellent PM company in your area.

New plumbing, electrical, insulation, sheetrock, paint, finishes.

Have you looked at the insulation of the buildings? 

My CPA connections unfortunately are focused in Southern California, but you should reach out to @Michael Plaks on this site, who is based in TX and is an excellent resource for investors (https://www.biggerpockets.com/...).