It’s a great game and lots of fun!

@Jon MarkThe seller needs you to have "skin in game".

Note: that 0.85% can vary depending on the percent down and other factors so check with a loan officer for different scenarios.Finally, your monthly P&I payment is based on the Total Loan Amount (Base Loan + UFMIP) which is $176,739.75 and on a 30 year term at 5.00% this gives a monthly payment of $948.78, so about $16 more than what you have.Not sure about closing costs in TX -- here that $3K would be low. 

Way to jump in, half the battle in my opinion is getting into the game. 

The place has been approved for Section 8 and the tenants still pay 1/3 of the expected rent, which means they have skin in the game.

Both are new to the game.

Still not sure if I'm doing it right, and many of the properties I probably won't hear back from, but it's a numbers game and I had to do something to get me to the next step

Freedom of time and money is the name of the game. 

The comps in the low appraisal were all out of the area, all varying distances from the subject property. 

@Ryan Pilioglas for the most part it is a numbers game you keep going until you find someone willing to sell.