We renovated the house and it's in excellent condition.

There could be better fit ways to earn more cash flow faster with same amount of investment/expense.

@Christopher Goodwin I can send you a referral to get you started, but talk to a few different agents to see who is the best fit for you  Shoot me a message with your email and I will connect you.

@Shanel Wiggins Mark Aronowitz is a great attorney will do everything by the book and has an excellent demeanor.

Congratulations on making a excellent decision to get involved in Real Estate!

It has only been within the last couple of months that I have realized that REI is a great fit for my skill set, experience, and investment interests. 

It is a free market response to the one size fits all 6% commission.  

The other question is whether or not we should use a HELOC, refinance, or use a combination product that fits in between with 15 - 20 yr terms.

I lived in it and rented out all of the other 5 bedrooms to my friends and lived free for many years. that is an excellent strategy for a beginner. i did not know what i was doing nor did i realize that that was a good strategy until years later.

"C" areas of DFW do provide excellent cash flow opportunities, even without hitting the magical 2% number.Yes...I was born and raised in Texas.