@Alec Barnes As the owner of a property management company in Texas, I completely agree that a solid screening process is essential for placing quality tenants.

I just closed a DSCR loan on a Duplex with Total Quality Lending.

With more property owners competing for voucher holders, your HCV holders are currently the 'prettiest girls at the dance' and they essentially have their pick of quality rentals.

We have many efficincies under management with a ~10% vacancy rate with prices ranging from 485-625 depending on location property quality and amenities.

That said, I highly recommend speaking with a local professional in the DFW area to get insights tailored to your specific goals.

Ask to speak with some of their current owners and current/former tenants.

I myself have invested in Cleveland so I can speak on that market.

Ask to speak with some of their current owners and current/former tenants.

The "variables" you speak to could mean this is worth every cent of a 5.4% cap rate to "I wouldn't touch this for a 12 cap".  

@Nicholas A. your shotgun approach has a high probability of getting the exact quality you put into it.95%+ of real estate agent, many of them posting they are "investor-friendly", only know how to deal with owner-occupied transactions.