Lots to unpack.I love residents like this. 

We have about seven long-term, month-to-month tenants, primarily lower-income residents.

Failure by Resident to obtain written permission from Manager prior to introducing an ESA is a lease violation.

PMS: GuestyPricing: PricelabsLocks: Schlage EncodeSecurity System: Nest with Water Sensors & Motion for when residence is vacant.Cameras:  Ring & Google/NestHVAC Control:  EcobeeNoise/Occupancy Monitoring:  MinutDigital Concierge: GuestViewGuidePool Automation:  Pentair IntellicenterAccounting: Quickbooks

I'm also looking for MTR or mx use in this area currently residing in deep ellum looking for another place 

The rule he'll encounter is the 100 mile FHA rule.It can be planned around but he would have to move out of the current residence first for 6+ months then apply using FHA from the hypothetical rental to purchase using FHA (mortgage planning counter to the rule).He could also use conventional 5% down (Fannie or Freddie Mac) to avert the situation above with FHA since conventional does not have guidelines that put conditions upon obtaining subsequent properties (such as that 100 mile FHA rule).

My wife and I have been married for almost 7 years residing in the Southern California region and we have two boys, 4 and 2.

I ask you to consider this because imany first time buyers choose locations where the properties will not have a positive cash flow while they are residing in the property & the goal is just to reduce thei living expenses (i.e. have rent cover a portion of mortgage payments.) 

We funded the first build with a combination of cash and a HELOC on our primary residence.

Invest your college money in engineering or accounting (fields where most millionaires reside) and then leverage your wealth to serve youth.