However, I recognize I still have much to learn.I would highly value advice from veteran investors on finding the right opportunities, understanding regulations, financing projects, and overall best practices.

Let’s dive into it.Potential consequences of working with an unqualified firm:Missed opportunities: Firms that are inexperienced may overlook numerous components that are eligible to be reclassified as they lack the knowledge or don’t perform a thorough analysis.This reduces the amount of potential deductions which also reduces your potential tax savings!

Competition is fierce, rent rates are dropping, expenses are increasing, and government regulation is making it hard to operate.

However, it's crucial to ensure that any repayment arrangement complies with IRS regulations governing self-directed retirement accounts.

But generally, if the payment is always made on time, there isn't often a problem.Are there numerous reasons payments end up being late, there are.And have irate sellers been known to contact their lender after a few months and demand they be taken off the loan?

Apparently 95% of new multifamily construction is rentals now rather than condos due to arbitrary regulations by federal mortgage agencies and how those get intertwined with contractor defect laws https://www.minnpost.com/cityscape/2014/02/where-have-all-co..."

Books have been written on sub to; numerous mentors including one that’s constantly “discussed” on BP.  

Generally speaking it's not regulated because it's an agreement between two private individuals. 

Personally, give it this thread, I'd be more concerned about your lack of experience than just about the costs.This is a big undertaking for a first project, and not only will you likely deal with complex budgeting issues, but you'll also deal with a complex build and regulation that is for more complicated than your typical single family development.

That's not the way TX tax sales work.Also, while there is no zoning in TX counties there are regulations on developing trailer parks.