Any info to help point me in the right direction would be helpful!

So once the contract is up you'd be within your right to increase to market rent. 

Depending on your state, you may be able to enjoy a step up in basis upon the death of a spouse.Non-Community Property StatesIn every state but the community property states, spouses are treated as joint tenants with rights of survivorship (JTROS).

To get to the bottom of it, I found a cute community in Princeton Dallas and I need your guys' advices to confirm if im on the right track and if this small town is indeed a great option for a starting investor and has a great potential in rental cash flow and home appreciation.

This requires patience when you have a vacancy and it means having money in the bank to cover the bills while you wait for the right tenant.The most important thing you need when self managing is procedures and processes.

I would not invest in CA because of no cash flow, I woudn't invest there because of the tenant laws.You have to decide if you're looking to hold these properties and realize the equity gain, and then either sell or refinance.There is no right or wrong answer as to what is better, cash flow or equity.

One of my friends there, back in 2013, when I left, owned about 80 units, mostly SFR, and is not north of 240.  

Account Closed Thanks for your response. my question to that would be,how did you determine which market was right for MF vs SFH investing?

By understanding and correctly calculating the numbers, finding the right properties, and building a strong team, you can successfully execute this strategy and grow your real estate portfolio.Good luck with your investing journey!

Yes, discounting the rent for a person for their eyes and ears on the property is worth it's wait in gold- but make sure you choose the right person, not necessarily the person that talks the most!