In Marble falls there are lakes and rivers and being near water will increase the value of the land. 

Electricity, gas, water, sewage, trash, HOA fees and wi-fi should be included in the rent of the tenant.

A little about me first, I’m 25, I have a wife and 2 small children, and I currently work for a high end pool servicing company.

The biggest things you want to look at in the inspection report are the roof, foundation, and moving pieces (hot water heater, HVAC, plumbing system, and appliances. 

Windows can use upgrading (not airtight)Bathroom is dated (plan to replace toilet and sink, and paint walls)Has a small rip in one of the screendoorsKitchen sink needs to be replacedCounter has water damage (raised on some areas instead of flat)I was thinking do minimal update only the flooring, sink, and toilet and rent slightly lower than the going rate for rental properties in our area.

Most people are trying to be helpful on here, but there are sharks in these waters.

It's important to note that while most liens are wiped out from a tax sale, there are some liens that survive. 1) IRS Liens2) Water and Utility LiensMost important is to understand any right of redemption period.

There is water, sewer, gas, and electric in the street out front.  

We choose this particular one because the neighborhood is perfectly set up for it & already had existing STR's in it, the layout & size were ideal & the private pool is not just out your living room door but is actually private as no one is behind us & the sides are walled off which we thought the additional privacy would make it more attractive.

The reason I was going for an HOA is because they take care of the roof when it falls in and the water heater when it gives way.