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Id recommend Frisco, McKinney, or Southlake/Grapevine/Colleyville/Keller area
Arlington’s not where I would want to raise a family, but lots of low-income rental prospects. Do you have a target rental price? Mortgage? Paying cash? Are you managing yourself or hiring PM company?
Since I'm new to rental investment. I was thinking of a 2Bed 2Bath under 150K. With 20% DP. Mortgage as Rental property. And planning to use Property Mgmt.
Zillow estimates a rent of 1200-1400 for such properties.
Keep in mind DFW has high property taxes. Some RE investors I follow say it's tough to get good cash flows in DFW unless you buy at a great aka low price
Some parts are crappy... but admittedly I’m not as familiar with the rental market there.