May be look at surrounding and not famous areas to see if you get good deals as people from DFW who work regular low to mid pay jobs will have to move out to those areas to rent that is what is happening to austin where people making less than $15/hr are having to move out to get cheaper rent a little just to be able to pay bills.  

Try to find a local attorney and one who does residential evictions as part of his regular workload.

Carpet may seem cheap at first, but when you replace it regularly, it stops being cheap pretty quickly.I would recommend wood floors (not laminate) or vinyl.  

How do we split the tax liability between us since we both have regular jobs? 

I like using pencil and paper (and a regular calculator) to do my initial analysis on any property.  

Considerably cheaper than regular mail

We’ve begun meeting regularly with some other bay area friends who are also embarking on this journey so at least we have some other minds to tap when needed.

The flip shows pretend they are buying everything on their own.For the regular shows like Flip or Flop, they don't normally show them at the end of the show not being able to sell or selling at a loss.

I paid cash for the whole thing.Ryan Regalado  One of the best networking things I've done is to regularly go to the weekly foreclosure auctions with no intention to buy but every intention to network.  

To me, it equates to learning investing from one of the instructors for a real estate guru's program who doesn't own property.Your income goal is absolutely attainable, the only question will be the time period involved in achieving it.