I did do a precursory investigation into what requirements are and it looks like there might be some zoning restrictions, as well as permits required.

The macroeconomics are on fire here - population growth, job growth, and companies moving and developing here.

In Texas, as a licensed agent, you’re generally required to use TREC-approved forms for real estate transactions unless an exception applies, like (I believe) leases longer than 1 year or where no TREC form exists.

Even a single family builds can vary significantly based on site conditions and required structure/design.

I am also planning on using a property manager as I have an 8 - 5 full time job.

.  --- From the zoning code it says, an RM-2 zoned lot can have "1 unit per 2,500 sf. of lot area"If you don't meet that lot size requirement you'll need to make a request for a variance, then post notice about the desired change in front of the building.

The bathrooms are very narrow so I was wondering if there's a requirement to have a bathtub.

Many insurance policies also require re-development within two years, a near impossible timeline in a region with the coastal commission, perhaps only second to Manhattan in terms of permitting and red tape.

Your $80K HELOC can serve as the down payment, as most lenders require 20%-25% of total project costs upfront.

Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies.