He was so knowledgeable and has continued to follow up consistently since I returned home.

Apparently, you just have to try and increase your network.

Also, be aware that Texas property taxes are higher than you might expect, and they increase every 1-2 years. 

If you are in a low paying job concentrate on increasing your income.

Not only would you have to subsidize this property for the foreseeable future, odds are (with all due respect of course and not to question your PM skills), you might expect the expense ratio to increase under your tenure in comparison.

Then I could get an idea as to how accurate my numbers are (if I'm consistently willing to overpay then my calculations are obviously flawed, same for if I'm coming out with a very low number).

C can come with higher cash flow for certain periods but it can also come with increased risk & potential downside loss.

Soon I will be introducing rent increases. 

That being said, we are starting to see some increased CDOM/DOM for the higher-end development deals here in the affluent areas of town, because the numbers don't work.  

If the property has a good cap rate and you can withstand any reduction in rents or vacancy increase from an economic downturn, what difference does it make where the property is?