Rents are about $1500 while his monthly payments lay around $2000.He now is tired of the townhome problems and wants to short sale, but I am trying to see if there is another option to save his credit and create a win-win for him.After looking at the comps I'm having difficulty searching for that solution. 

When you say “getting into residential real estate,” are you referring to buy and hold homes?

Texas is bigger than France you know so giving you references from Austin won't do you any good if you need them in El Paso.

In your area, you might consider https://emeraldcoastbyowner.com - a number of hosts that I'm in touch with report good results.I'm further south (Tampa Bay) and also list on https://www.floridarentalbyowners.com/ and https://www.floridarentals.com - have had some inquiries but no bookings yet.I'd also recommend getting your own web site set up so you can accept direct bookings, particularly from repeat guests - we've been doing this for a few years now and our repeat bookings continue to grow year over year, and having a direct-booking option has worked well for us.If you're not interested in setting up your own web site and booking back-end, maybe take a look at https://www.houfy.com/ set up a listing and refer your repeat guests to your Houfy listing.

. - Your rental history via any identifiable prior Landlords - Credit reports via a third-party Consumer Reporting Agency - Public records regarding criminal conviction history or registration as a sex offender - Personal references. - Verification of employment and/or income (or rental subsidy) amounts. - Public records regarding civil court records. - Any other information provided by the applicant (such as anticipated length of tenancy, tenancy commencement date, etc.). - Any offers or proposals you may choose to make to us (additional rent or deposit funds, extended lease term, guarantors or co-signers, etc.).

I have worked with a qualified 1031 exchange professional out of Del Mar area on a few deals in San Diego I can refer you to.

@Parth PatelSend me your email and I can refer you some great people I work with.

Any inquiries or references  would be greatly appreciated, I have funding ready and plans on-hand with the kitchen design. 

@Chet Mazur Yeah, I'm not sure exactly what you might be referring to.

Last year my grandmother sold her condo because she was no longer able to live alone; she is currently living at her sister's house until we can find a more permanent solution (was originally hoping for a nursing home, but she is opposed to that idea).