If the buyer does miss a payment, find out the foreclosure process in TX. 

It was during the whole underwriting process.

So far, I'm attracted to wholesaling as it seems to be both a simple entry point and a way I can stay debt free.I'm a highly mechanically minded and detailed kind of guy, so understanding property condition and data processing is of no concern for me. 

I have found a contractor I trust should any repairs be needed, secured a cheap month-to-month rental in the area I will be looking for when I start my search in April 2024, and am in the process of interviewing lenders recommended by BP and friends who own property in the area.

This is indeed incredible resource, I spent quite some time going through Kem Gardener Institute's website - very insightful -and data backed- content! 

Landlord-friendly states generally have laws and regulations that are more favorable to landlords in terms of property rights, eviction processes, and other landlord-tenant matters.

If you decide to let your roommates know that you are the landlord, I would also recommend handling the leasing process instead of using an agent to be very clear up front that you are the landlord and roommate of the prospective applicants. 

You will get the data as well on excel from Airbnb to track and put that into your Quickbooks or send that to the bookkeeper.  

To help you get started, I recommend implementing a thorough screening process for your tenants.

Some insurance companies have told me they don't insure LNC buildings cause 'replacement' wouldn't be a straightforward process, as there's usually no detailed record of such grandfathered buildings' layouts in the records to permit re-building following a fire, flood, quake, etc.Others have said at least in while securing quotes, it's a non-issue.Surely they both can't be correct!?