If you look good on paper with tax returns, Sch E (in your case), etc, then the bank will be your best friend and get better rates/lower costs.Hope this helps!

  - I assume the rental will be reported on your personal taxes via Schedule E. 

Killeen is a more stable/investor friendly market 

You need stable qualifying recurring income.

You would e-sign  

There are plenty of traditional lenders out there who will use Schedule C and Schedule E income, although most will want to see 2-3 years history.

Is their employment (or way of paying rent) stable?

But rent price is pretty stable unless there is massive lay offs in a particular city. 

Theres many advantages that these strategies can play in eliminating all or most of your fed/state taxes.After this stage where you've eliminated or covered your housing and tax expenses its all "gravy," just keep rinsing and repeating till you reach your desired cashflow goals or net worth goals.The next stage that will come into play is stabilizing your cashflows and asset protection strategies because things arent always so stable month to month with real estate and keeping things going smoothly takes a lot of good people on your team along with processes and systems.

@Scott E. scott I appreciate it man!