We can look at Market Trends, Rental Demand, Affordability, future development, Financing Options, and Long- Long-term options.

Here's a listing for a very affordable house:https://www.realtor.com/realestateandhomes-detail/8791-Cummi...

Your reserves for repairs should be much higher than normal.Otherwise CS should be just about as strong as other markets in Texas I would expect although not sure how diversified the economy is. 

I've thought about buying on the high end of what I could afford (in highly desirable areas) in the hopes the property values will climb.Should I forgo financing entirely and buy something "cheap" that I can pay in cash or take a minimal mortgage on?

Can anyone weigh in on how to find a responsible, affordable property manager for my first property?

Make sure you also ask the inspector how it works in the transition from heating to cooling in the winter and vice versa.

People think if they can afford the down payment that they can afford the deal but even in deals where the purchase is 90k or less you will still need to be liquid 25k because you figure:15k to close5k to front contractor to get started5k (6 months holding costs)Insurance and Misc costs: 2kSo you see the life cycle can cost 25k+ even on a small deal. 

This gives the Owner the best of all worlds - SF or STR/LTR - enabling keeping the home affordable for home owner while also providing an affordable place for a friend or family member to live, all while having privacy for both.The 30% is just the difference between the total of my experienced estimate of what the build would have cost just 3 or 4 years ago plus a factor for the current period of inflation, versus the total of the bids that came in. 

For that I am not sure if thats possible under RSO.Thanks for your reply, will probably contact an attorney on this.

If you take over the company that has good cashflow that's a good indicator but it would be good to vet those properties out by making sure they have the appropriate permits to operate legally.