I was wondering how this would all work out there are going to be people out of work for extended amount of time and as we know most renters miss one week of work and they are broke.My other big thing I am wondering @Greg H. is how the lenders are going to handle the owners who get wiped out have no insurance and walk away from the property.. knowing how aggressive Texas lenders can be with deficiency judgments on mortgage defaults..

Also make sure you are crystal clear on what your mortgage, taxes, and insurance are and do not buy yourself negative cash-flow.

Gone are the days when you'll have an insurance Broker that holds and value your accountsattentively.I have to remind my agent that my insurance is due if I miss that letter from the insurer then boom itis canceled. 

Here lately with Hurricane Harvey I found out how important it is to have a good insurance agent.

An umbrella insurance should do when you are getting started.

(Market Value 265k)10% down + closing costs (32k)Monthly P&I + insurance/property tax etc.1400/monthCurrent tenant will stay on after purchase.1315/month rent. 

@Patrick Philip  Most realtors opinions are **** and they cannot be held accountable legally when you make financial decisions based on their advice.  

This is a property that I put an offer on in Yukon. I am not considering property management. Got all the financial data in place.  I already did my due diligence on the property. Looking for an advise 

I am going to update this thread as a diary and ask for help with decisions along the way.First order of business is we need to make a list of rehab items and budget.

All things aside  I want to make the best financial decision and not rely on my emotions.