Are there concerns like location, zoning or land use, or is it simply about passing the inspection if it's a residential use?

Thus, as I am at this point a ‘hobbyist’ and not a professional I presumed I would simply report whatever minimal profit or loss realized on this first joint flip project as pass through income.

So, I know this is getting a bit off topic, but regardless of basis per unit, I simply don't see a property with $37k NOI today nearly doubling NOI when the incomes are that low for the area.  

I’ve been actively seeking mentorship opportunities in Dallas, diving into real estate literature (including David Greene’s BRRRR method), and connecting with others who are passionate about achieving financial freedom through real estate.If you work in IT, are based in Dallas, or simply want to connect, I’d love to hear from you!

I thought the same thing and scaled up rather quickly to 300 units in deep south 95% section 8 after about 18 months I realized I bought myself a job that was simply not worth it..

Or are you simply looking to get into something turnkey, and just stick a tenant in there with good cash flow?

But if you're simply planning on reinvesting all to get the best return possible you might also want to think about a diversification exchange where you sell one property and buy more than one.You could buy that smaller land locked piece. 

It's an act of God and not your responsibility.

I’m passionate about continuously learning and growing in every field I’m involved in.On a personal note, I’m deeply grateful to God, as His grace has carried me through many challenges, and everything I have today is thanks to Him.

BRRRR deals, buying properties that cashflow and appreciate and simply partnering on a easy.