Best Areas to Invest in Dallas & Denton County under 200K 1% Rent

[Ajay Prabhu]

I recently got my RE license and looking to buy and rent single family property in Dallas or Denton county. I am looking under 200K with 20% down, rents easily at about 1% of sale price and good potential for home appreciation.  Would like something that does not need any work and can be rented as-is. What areas do you recommend I focus on for my search? 

[Courtney King]

@Ajay Prabhu Garland and Mesquite are always in demand but make sure you leave a little room ($$ cushion) because both of those cities have Rental CO programs that are NOTORIOUS for driving landlord costs up with required rental inspections. 

Not sure why but those two cities always have  HIGH demand for rentals. My listings over there always go super fast and I get top dollar because we make sure the houses are updated and move-in ready. If I can help let me know!