There are a couple of key components to this.

I mean, Texas is still a great state because of the amount of jobs, the pay that comes with those jobs, and the cost of housing here as opposed to other places around the country.However, that key word "affordable" actually has a definition to it - and that's 30% of the income shouldn't go towards housing. 

Cash for keys will be my first option.

If we buy this loan, we need to have a thorough game plan on how we are going to be resolving this and understanding these dynamics is key to managing expectations and protecting investments.Sounds like a deal more for someone that buys partial inheritance estates and spends years piecing it together than a note investor.  

I think the information is widely available and in now days, cheap to acquire; one just need to be patient enough to learn it! 

However, I have some concerns and would appreciate advice from anyone familiar with the market or STRs in general.My Key Concerns:Lack of Comps: When looking at AirDNA, there aren’t a ton of comps in the area for properties like the one I’m considering.

This step will be key for further steps below!

Keys in lockbox". 

Property manager got the keys over the weekend and is happy with the unit.

Likely, these off market properties will move fast so being fast is key.