It's part of a trio of cities Hurst-Euless-Bedford (aka...HEB) that are situated along Hwy 183, and are separated from Irving by DFW Airport. 

I know that rental properties have their flaws (tenants/repairs/etc), but assuming that doesn't really stress me out, what else am I not considering?

Just curious to see how some of you would handle this property if you had the opportunity and in my situation. 

Not a pleasant situation to be in.  

In your situation having a paid off property is only compounding the problems on what is actually a very poor choice for a investment income property.At a value of 350K and realistically assigning a opportunity value of 10% to that equity it is costing you $2900/month in lost income on your cash.

Your applicant is being extremely deceptive in regards to her situation.

We were both bouncing ideas back and forth on ways to make my situation work.So the ARV absolutely got their attention. 

For our specific situation, we are currently kicking around two possible options.1- bring on an experienced general contractor to manage a second property in tandem to my husbands property. 

(Have to love getting in ahead of the path of progress.)Now that was a REALLY unique situation, and we hit big time on a neighborhood that was about 18 months from having a really big uptick in development.On that particular property, we have done a cash out refinance, and literally have none of our original money tied up in the property.  

Either they’re a official property management company which means they’re small and likely not capable of growing since the market is constrained; or they’re an individual who provides super/handyman support, which comes with administrative and people management burdens not worth the time investment.Btw- no offense to any wonderful zainseville property managers out there: the market just doesn’t pass my personal filters to be worth the time investment.Your situation may be different.