Their fees and interest rates were high, but they had the least restrictive approval terms from what I gathered.

This may kill your cash flow due to high interests rates though. 2.

A high property tax rate will increase the taxes more quickly as a percentage of total expenses when the property value increases.

Since the loan is still in your name, you can deduct the interest you’re paying to the lenderon your tax return... 

Looking for one on a high end property in Abilene that needs to be completed.  

@Hunter Duplantis what @Gino Barbaro said is exactly what I was going to suggest.When you have vacancy is the time to experiment and apply your original thesis.I’m not trying to play Monday quarterback here but, you should be highly confident in where the rents should be well in advance of having a vacancy.That being said, after confirming competition rents on websites (I’d also recommend Craigslist and Facebook marketplace), you should be in alignment there.  

High end vs mid range?

@Robert Brock, I guess my advice is not really any different than I would say to someone wanting to be a residential wholesaler: you need to add value to the transaction.Often times, having the deal tied up is the value, but more often then not, in my limited experience with commercial wholesalers and residential, the wholesaler has no idea what someone will actually pay, so they tie up a deal at too high a price and then add their fee that turns a bad investment into a horrible investment. 

For almost $100k a lot you want a pretty high NOI to make sense of it, like over $300k IMO I agree.

I highly recommend an attorney to draw one up as each state and each property can have unique issues.