The recently proposed bill seems to be removing some or all of the self-employment tax exclusion on rental income. 

For those that had loss of use or ALE (alternative living expense) insurance, the insurance company was required to pay for your like-kind housing while you rebuild which includes furnishing the rental as well. 

So, should I just send a yellow letter or postcard to the current address or all of the addresses they have listed for them?

3) Will this a be part time or all time venture? 

If you can get a place in Dallas and rent out the other rooms to cover most or all of your PITI and maybe even living expenses, you should be coming out ahead.When you save up enough for another down payment plus some cash reserves to handle the unplanned expenses, then do your additional investing out of state. 

@Ben Grise listen to the seller and find their pain point.FYI - they don't care about you, or your quick closing, or all cash deal....They care about how you're going to solve their internal problem.

IF you do I will be happy to answer any or all questions you may have.  

Which is why the BRRRR Method or Sub To or Assumptions or all of these other strategies are important. 

If I am being asked to put up most or all of the money, I will take back a 1st mortgage on the property at say 10%.  

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