They do have some options for building up (see three story image below) but we created an apartment that consists of studios units, in the standard 16x74 foot modular home rectangle.

CU TXBank of TX FrostExpert Law TexasSpecial aspects of Home Equity Loans in TexasThe Texas legislature has passed laws that are designed to protect homeowners and their families, and the state did not even allow home equity loans until 1997.

If you are investing consistently, you will know what your market charges for the work needed. 

I will admit when I had my first investment property at 24 that I did not realize all the legal aspects of RE and all the laws concerning what you can and what you cannot do.  

Rent rates continue to appreciate strongly, with a consistent 7% market (3% in some sub markets, 10%+ in others) appreciation over the past few years. interest rates have  decreased in the last few months, and with the latest bunk job report correction and current trends indicated from the feds regarding 'inflation,' we are being prepared to expect more mortgage rate decreases.

Firm, fair and consistent will go a long way and tenants need to know you will not put up with any crap!

Every market is different, but in our STR market, Evolve and Vacasa are consistently in the bottom 10% of listings.

What was the 1031 aspect of this? 

She's consistently recognized as a top producer in the Charlotte area.If you’re going to be getting a mortgage, please be aware that you won’t be able to choose the appraiser, but as an appraiser yourself you are at a great advantage to estimate the value of the property post rehab.

Henry,It sounds like you are a sophisticated novice and thought through many aspects of what you're doing.