Limiting leverage, for any loan ever = reducing lender exposure/risk.

This is verified based on the good schools, department stores opening up (Costco, Target etc.) as well as verified investment from Jerry Jones (Dallas Cowboys owner) and the city to grow the population.

Your strong foundation in the stock market and tech background positions you well for success in real estate investing.

It has adequate parking as well. 

Are there risks or hidden costs I might not be considering?

It's that simple.Doesn't hurt to have real hardwood floors and A/C as well.

While none of us will be getting our money back he can live well selling off the remaining assets as long as they don't shut him down.

I've only had to do it once but it worked out well enough.6.

I'd recommend looking at costs. your build cost is going to be well over other homes because of the fixed costs like slab, Hvac, roof, etc. check the market drivers and weight the benefits of short term versus long term. long term is no furniture and help pays mortgage but at this size it doesn't really cover everything. we didn't find a lot of economies of scale in single family detached. can you build more than one unit?

I'd be happy to add you to it as well so you could receive weekly snapshots.