If you could get a house that was suited to multi people living there, the student could be an interesting option to offer more affordable rents but perhaps end up more profitable over all? 

Kindly please share any good recommendations based on your experiences so far.

How much experience must your borrower have?

Thank you for sharing your experience. 

Aim for something that lets you: (1) collect rent online and automatically log every payment, (2) track repairs with vendor notes and receipts in one thread, (3) keep all tenant messages in a single, timestamped feed you can search later, and (4) spit out basic financial reports (income, expenses, year-end totals) without wrestling Excel.

Though, it would be interesting to hear the experience of others here with the group. 

Too low of price point looks great on paper but typically ends up being a headache and money pit.

Does anyone have any experience with this closing procedure in TX?    

There are a few things to consider:You Need an End Buyer: The lender wants to be sure there’s a way to get their money back.

@Tru Verret Fleming What was your experience?