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. 

What you are already planning on doing with Home Inspections is probably your best bet.

Keeps a fire lit under her GCs and protects her from someone not coming through on their end.Alternatively your best bet is while you are vetting making sure you are asking these questions to them.