I' in the educational phase currently just analyzing a bunch of properties just to get good at it.  

Uh...except your landlord is still a millionaire and you still over here sounding like a bum tenant, haha.Don’t think your millionaire landlord is even remotely phased.

I am trying to move out of the analysis paralysis phase and want to get my feet wet and take that leap.

Did you set any goals for yourself during the agency phase?

I know of forest bluff and Austin colony developments by DR Horton in Austin that will give me that kind of rent, but since I have already bought one in Austin I don’t want to put too many eggs in one basket.I liked one new townhome construction by DR Horton in Durham within my price range but are not offering the phase 1 to investors.

For the people trying to get to that level, though, in the so called growth phase of their wealth building strategy, leverage is a powerful powerful multiplier.

Would it be possible to have the seller retain a partial ownership interest in the property as a TIC and then have them essentially phase out their ownership interest over a period?

Remember I said they include Loan payments (interest only), Taxes, Insurance, Utilities, and any other costs that occur during the Rehab phase and up until the property is fully rented. 

The main thing is to be proactive and transparent- hire an exterminator to come and secure the property from any intrusions and set traps as a precaution (be proactive - rats and mice will always find a way in if there is one).Try to get an idea of when construction will end or at least when the demo phase will end.

But you definitely could benefit from increased efficiency in the tenant acquisition phase.