Also whether you want to be in the downtown center city area near all of the Artsy fartsy galleries, clubs etc, or do you prefer the tourists area, or maybe living it up by the waterfront {there are many choice hot spots}.

San Antonio has an exceptional rental market, with plenty of inventory in and around our growing medical centers, air force bases, and large private employers.

We talked about this but decided it might not be best being that we will be living all over the place (I'm in the Air Force).

I also didn't get a response to my phone call or most recent email.So now what is my next step to insure that I don't do anything that infringes on my tenant's rights and could get me in hot water?

For now, my short term goal is rather up in the air.

@Morris Lucas - Generally speaking, I don't chase the "hot" new listings that have so much activity on them like you are describing.

You in a hot market right now too...Good luck

New investors get nervous and you'll need to manage them too, if they weren't motivated on their own they will be harder to manage along the way.Soliciting investors can get you in hot water, there are folks out there, like your competition that might just turn you in.

My husband and I are from the Dayton area in Ohio, we are retired from the Air Force here at Wright Patterson.  

(www.lonestarlandlaw.com)If it was me I would do the deal as your cash flow is about $200/month but my market in DFW is hot and I'm not sure how yours is and I am an experienced investor.