If you are thinking of investing here let us know. 

Quote from @Todd Goedeke: @Parmesh P. there is no such TDA paying 7% or even 6% long term,5 years or longer.One example I know of is NYC teachers has a 7% fixed with a maximum $23,500 per year currently. 

What should I keep in mind to ensure I'm approaching it the right way?

I know a cost segregation study would be too expensive for such a small amount of property, but is it permissible for me to estimate the value of the components on my own?

Don't know what their success is, but I see 3 places all lined up in Denison near downtown. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

And keep in mind; getting sold and getting informed are 2 very different things.

., sounds like this was in Los Angeles County.Would you mind sharing who you used to do the Lot Split?

Agree it is difficult to assess costs when they vary so much by location.Keep in mind that some turnovers are sickenly expensive, and that is just the nature of the business. 

Lenders will want to know if the property is generating income and if it qualifies for a DSCR loan or traditional financing.