Will they be depreciated over 27.5 years or as personal property on a shorter schedule? 

AS John points out, yes, we do have LOC products for investment properties in Texas.

Holding the property could require subsidizing rent, making it risky.

I highly recommend reading the BP books for self-education and house hacking a 2-4 unit property for your first deal.

Reaching out from Sinistar, we’re a home-sharing platform dedicated to connecting property owners like you with displaced policyholders in need of mid to long term temporary housing.

As a first-time property owner, you should focus on strategies like BRRRR and house hacking.

We handle 2nd's on both primary and investment properties.

This was a property in an area my family loves to vacation in because of family ties to the area.

Currently, I am in the phase where I am doing minor fixes to the property and plan to begin looking into property managers.

I put that in quotes because the property I am looking at is zoned as a commercial building with a gutted upstairs apartment.I'd like to purchase the property with a renovation loan, something like FHA 203k or Fannie Mae Homestyle.