Please PM me if you are aware of such syndicates in the dallas area, I'll definitely speak with them.

Downtown Dallas Has Most Development Potential In U.S.DALLAS (Dallas Morning News) – Big D has the greatest development potential in the country, according to a new study by Yardi System Inc.

Can you please refer any General contractor in Dallas area.who are the top GC you recommend in this area?

There is much competition in Dallas so it will help you have to learn more about your real estate specialty to get going forward having more than average closings. 

@caleb heimsoth I live in Dallas and being 3 hours away  from the property complicates things .

I grew up and currently reside in Dallas proper and work in McKinney and it seems like rentals are maxed out due to high property taxes.

I am new to the real estate field and I want to buy and live in one unit of a duplex rent out the other in north Dallas.

Here's another spin on the numbers you've reported in your original post - Gross Potential Income Rent: $325 x 24 Units = $7800 Utility Income: $48 x 24 units = $1152 Less Vacancy (7%) = (627) Gross Income: $8325Expenses, monthly: $4083 (from the annual expense figure you were given)Net Operating Income: $4242Debt Service: $4112(I happened to have a very good friend who's a multifamily loan officer in Dallas, and asked him this afternoon in a call what rates are available right now for a multifamily deal this small - he gave me 5.81%, 30 year amortization, 5 year call.

I live in the Dallas area and I'm interested in purchasing a duplex to start my REI.

Big teams (Bears, Packers, Cowboys, Redskins) have a lot of demand, so in the long term, 5 years +, you are looking at free money here.