Just acquired a property in a small North Texas very rural town. No building inspections or permits exist out there. The previous homeowner enclosed the back porch and was using it as a 3rd bedroom. By doing this the ...

I also appreciate that you share this on BP. 

Any advise is greatly appreciated on the subject! 

I saw Macon in your subject line and just assumed Georgia!

I find it's very personal, and dependent a lot on your goals, resources, risk tolerance, location, experience, etc.

It is, on paper. 

After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.

Always happy to see other folks from the DFW area on here.

I was hoping to get some feedback on them and found very little when searching on BP.

Start connecting with investors in that area on BP and real estate investor groups on Facebook.