I decided the bed bug and dog situation, coupled with them likely not being long term, was not ideal to move forward.

Ideally, I'd like to be all-in, including purchase and rehab, for approximately $115K-$130k while adhering to the 75% rule (or close to it) in a C-class or above neighborhood. 

A few additional context that may make this a bit more complicated:- ideally the 1031 exchange that I do will then add my wife to the picture with the trust that we have established (however it's easier to do)- the property was previously used as our primary property, but is now a rental property for at least 4-5 years- an alternative is the sibling is open to gift annually up to the gift limit so that we own the property outright prior to the exchange, but that will take quite a few more yearsThank you!

Ideally, you want a plan that pays off your Heloc within 12 months imo.

I've sold new construction but never developed homes and it was suggested that JV'ing with a developer would be ideal.

I need a little help finding out who would be an ideal contact to start a Seller financing agreement.

I am personally not attached to things so I would sell everything vs paying for storage or risking renting to a less-than-ideal tenant. 

, it’s not ideal for getting funding.

House hacking is an ideal 1st investment strategy, but because of your situation..I'd keep saving, living below your means, and keep educating yourself.

Yes they aren't ideal, but in DFW you're essentially using those costs to get cash flow for on market properties which does not exist anymore in DFW under the traditional long term rental model.