There are high yield funds and securities doing over 8% you can use if you want.Also, you could take the funds and do private lending at around 12%. 

Has anyone had a difficult time with properties in high-crime areas?

High liquid cash is fairly low as I am just finishing up a rehab.

I think you'll find that the '1% Rule' isn't applicable in most markets - especially those that are high demand - and that it hasn't been for some time. 

Your input will be highly appreciated.

As you investigate your options in real estate, keep the following tips and ideas in mind:Determine Your Real Estate ObjectivesMake Use of Your Construction SkillsExamine Various ApproachesMaintain Your Mentorship LearningThink about short-term rentals and AirbnbCreate a Network and Look Into Local Real Estate MarketsSpread Out Your Investments Financial PlanningRemain FlexibleRemember, your hunger for learning and willingness to think outside the box are powerful assets in real estate.

Also @Ashish Acharya and @Michael Plaks are very active in the forums and highly recommended.

It's in Rosharon, Texas and property taxes seem high at 3.19%3.

Consider taking advantage of high interest rates by buying first trust deeds, currently paying 9.5% and outperforming most new rental purchases.

@Ryan Larsen what @Nicholas L. states is pretty true.Being a PM is NOT a high-paying, often not even a well-paying job.If you're set on that strategy, start calling up local large apartment complexes and asking if they are hiring.