Given the high interest and the purchase price isn't low, the cash flow won't be as nice as my other rentals or other options in a different neighborhood. 

Anyway be nice to have some concrete evidence other than all the emotional stuff being posted ..

Plus nice that they don't have to touch the funds.

A nice but rental quality unit gets 1500-1650 regularly in that area depending on the size and finishes.

Hell, you can go to a nice steak house and buy yourself a dinner, then get home and realize you could have cooked it for yourself and saved money.

Throw in a few nice touches, like coffee or board games, to wow your guests.Keep extra linens, cleaning supplies, and essentials like toilet paper handy so turnovers are quick and easy.

For example, I know a lady in my local market that is very successful in the land business and has developed a niche that cashflows very nicely, without a lot of stress, as she puts it though I can't imagine how that is possible. 

I was also in the military and not a stranger to all kinds of uncomfortable situations, diverse backgrounds of people and how to deal with difficult people in general.

Pros: Diverse job market, low unemployment, great resilience during recessions, nice appreciation, 1% rule can be hit if you look hard enough, great economy, good schools, Midwest nice.Cons: Extreme weather at times (hot/humid summers, tornadoes/hail, brutal cold in Jan/Feb), high insurance premiums, property taxes also really high.

You can get a shorter, simpler one drawn up by an attorney, I know some guys use a nice clean 1 page doc, but if you're going to be doing a lot of business in Texas it's good to get familiar with the TREC forms.