For cash flow on STR, downtown B areas such as Pendleton could be a great option.

OR, would you do a cash option and pay using a HELOC on our primary residence?

Trying to figure out if the rental market is strong and also if lease options works well in this area.

I am looking at what options would work best for my wife and me and our life, as well as the lifestyle we are looking to create.

I am sure he attached his information to the mailer, there is no harm or foul in calling and discussing potential options! 

I'm trying to weigh the pros and cons of listing the houses as traditional LTR without accepting vouchers or as a Voucher recipient option .

I am currently leaning towards the community/buying abroad with others options.

That adds up to almost $24k/year for one property.The Difficulties of out of state investing include minimal market knowledge, difficulty building/maintaining the team, no option to self manage to save money, and harder to do heroics if needed from a far (we once had an OOS duplex get hit by hurricanes 1 year apart.  

I was looking at duplex/single-family options in San Antonio and Houston.

Another great option for you would be to find some commercial properties you could repurpose to affordable housing that could generate some very good cash flow.