Also, my wife is a stay at home mommy and frequently travels an hour and 15 minutes back to Martinsburg to visit family and would be able to address any "non-emergency" problems the tenants have.

Even in a good situation a bad tenant can easily cause enough damage to eliminate two years of positive cash flow.

You could easily spend 33hrs a week looking for a property and dealing with the process of buying it.

In my area hard money lenders charge 15% and 2-3 points so he is getting off fairly easily with only 2 points and no interest.

Travel time could easily be significantly larger than time used for detection.

TX property taxes and insurance are very high and that can easily compromise the cash flow on a TX property.

$10k of unexpected or underestimated repair costs can easily wipe out any expected profits.

I have family out that way but definetely wouldn't be excited about the travel!

Place the California patch in the hole, with the approx 1" of the backing paper overlapping the hole, then use drywall mud to "seal" in the patch.Either approach will take 2-3 steps to do properly (read that as feathering the patch to eliminate noticeably high spots), then you still have to texture match, then paint.I do like that new product, but to think that patch could be done that easily is a bit mis-leading to me.Enjoy!

Crowdentials has an API we can probably easily integrate with our site and white label the service through.