I hold a MBA from the University of Arkansas at Little Rock.

The home was previously managed by a professional property manager and the rental agreement looks rock solid to me and do not see the need to change anything.  

Hello,I am local investor, leaving in Allen, who is looking to invest class B and Class C properties in DFW area.

*local real estate agent that rocks!!

All you can do is keep an eye on the indicators in your market, make sure you have a strong exit strategy and plan b, and don't over leverage...My 2 cents for what is worth.

Primarily targeting B and C class properties with opportunities for value plays. 

I live in the Austin area (Round Rock) and am 43 years old and recently purchased a new home and will be leasing our home out ASAP (as soon as some work on it is done).

If you break too many of the tiles on the bottom row then I'd go ahead and rip out the sheet rock as suggested in a previous post, if your going that far, just tear all the sheet rock out and put in new green board.

Repairs will be limited to sheet rock damage and replacing some sheet rock that was newly installed. 

I have rock solid financials but am a real estate investor with numerous properties so rarely meet the underwriter's guidelines despite the loan originator's rosy promises.