North Dallas area - Celina/Anna/Aubrey

[Brian Littleton]

I live in Prosper and there is a lot of new construction/newer homes north of 380.  However, I generally will spend $275-310k ($140/sqft) and it looks like be able to rent out at about $1/sqft.  Is this a bad decision to go in this direction?

I have the cash to do these and assume appreciation could be fantastic but looking for validation as this doesn't reach the 1% rule at all