Well it DOES make sense in two other important ways:1) it's an incredibly strong incentive to pay your taxes....2) covers the risk that you don't get paid.

When I rehabbed the basement I tore out the existing drywall ceiling and added sound-proofing insulation followed by a 5/8" fire-rated drywall thinking that would be enough, but apparently the tenants can hear us walking, the dogs claws (we have hardwoods) as well as the TV.

It is my opinion that if you find SFH that breaks even as an LTR after properly allocating for all expenses in Dallas/ft worth area you have done well. 

We’re on the same page about wanting everything well-documented and on paper to protect both of us and maintain a business relationship.

This may attract unwanted attention though, I would make sure the property is well secured regardless. 

I am also open to other areas as well. 

The huge bonus of this property was it was coming with all existing materials inside including, condensers, lumber, electrical wiring, as well as pex and PVC for the plumbing.

Search for properties in line with your spending plan and investment objectives.Property analysis: Examine possible single- or multifamily properties to ascertain their overall investment viability as well as their cash flow potential, cap rate, and return on investment (ROI).

After a few email exchanges with the VP of Business Development (she was on the intro email from my agent) I found they are not versed in the MW506AE form.

I'm fortunate to have the VA home loan to help, as well as housing allowance from the military.The struggle right now is finding the right property that meets all the wickets.