So, right, I have been hanging around here for a little more than a year now, on and off, getting my head straight on what we want for a rental property.I am still working to establish criteria and firm up the vision.Here is where I am at:1.  

The seller is ok with a "subject to existing financing" purchase (with some money at closing), or a straight buy (where I would have to use a HML.) 

@Jeffrey McKee Installment contracts are restricted in Texas, you need to do a straight seller financed sale, you take title, the seller-lender takes a deed of trust, the lender appoints a trustee on the deed of trust.

I have to say, take things with a grain of salt, your education can keep you straight in areas that investors may suggest in all the areas of this site. 

I am interested in investing in mortgage notes and want to know how does that work because the information I have seen on the forums is not straight forward.

Evictions for non-compliance take a bit more time but if the residents continue to be out of compliance on their lease terms, it is still a straight-forward process.You can simply non-renew someone when their lease term is up without a need to give them a reason.

Like I said before, they want my continuous business so they made it very clear from the start they would shoot straight and do quality work so we could have a long term relationship.   

My live-in specialist set me straight.  

Straight buy and holds don't work for positive cash flow here. 

That's why my personal strategy is to start with SFRs and move straight up to 10+ MF in a few years.