Low income choosing high occupancy to stay here.  

@Cory Prior There are ways of doing low-money down strategies.  

That's a pretty low offer you're considering.

I would highly recommend doing a renovation loan like the 203k or homestyle - you are able to leverage SO MUCH CASH for such a low down payment. 

Low hanging bad apples.  

The median income is low but the amount of renters is high.

This will shine a light on the areas you have gaps.

The risk for investors became low enough for them to be really interested in the project.

Inventory still remains perpetually low.

Yup half of these ideas are OLD NEWS  I never equate Texas and low tax's LOL also my concern with build to rent subdivisions is not the rent or the first 3 to 5 years but the exit in 7 to 10 years which is average hold time for investors..