Talking to local banks is the best bet.

Lately my bet has been on Fort Gratiot as that area is expanding with new businesses and housing.BTW are you from Port Huron area?

I've read IRS auditing guidelines (they're on their web site) and these specifically state that managing rental properties should be assumed to require minimal time.

I'll bet someone saw the tax bill addressed to "The Est of" 

At 20, 50, or 100, you bet I would have to go paperless and systematize it with a service and program just to keep track.

I would bet most neighborhoods in Lakeway are in HOAs.  

Honestly, if you're just starting out your best bets are to grow your network. 

The Brrrr strategy would be a better bet, but you'd need to find a property where it would work, that way you get most or all of your money back when the process is completed and can use that same cash for another property right away.

DSCR is probably your best bet if you can't prove personal income. 

Your best bet is likely to talk to the tenants and let them know.