Without sharing greater detail of your proposed investment, no one can offer anything of value in terms of what types of returns they would want to see to compensate for that risk.

Also, no counties in Texas prohibit long term rentals.

Start ups are hard, expensive, and take a long time to get going.Have you looked on Bizbuysell, Crexi, or Loopnet, to see if there is one that is already going for sale?

I think it's a long shot. you can garnish monies from a  bank account

In terms of highest yield it totally depends on your investing thesis.

You get a deduction for the contribution, the gains grow tax-free and as long as you use the proceeds for health-related expenses the funds come out tax free as well. 

If your goal is financial freedom, which is a long-term goal, not so much.Financial freedom is a long-term proposition, not a one-time event.

What if they change the terms on you last minute?

Looking at this property as a long term rental strategy.

.% and finance your renovation is like stealing money - so as long as you finish, you will be happy in the end.Lastly, make sure you have MORE than enough money in your budget.We have a couple of blogs on the topic that I will share with you directly.