3. lastly since I am virtual instead of going myself to the property can I hire a house inspector and how much would it be?

I do and I can say it has great potential for new construction and existing properties.

Purchase price: $540,000 Cash invested: $108,000 Investing in South Texas offers additional benefits:•Affordability: The price per square foot for new construction in South Texas is among the lowest in the country, making it an excellent value for investors seeking high-quality properties at a reasonable cost.

It's impossible to paint each situation with a broad brush because it truly is case by case given the work that was done, inspector that is handling it, etc.

This is commonly called a reverse exchange or a construction or improvement exchange. 

Including acquisition and construction ? 

A common issue is supply and demand effected by population changes, construction, economic issues, the job market and location.Personally I haven't seen vacancy issues at this time,  but I have gone through cycles of vacancy issues.

Purchase price: $540,000 Cash invested: $108,000 Investing in South Texas offers additional benefits The price per square foot for new construction in South Texas is among the lowest in the country, making it an excellent value for investors seeking high-quality properties at a reasonable cost.

With new construction and renovations going on, on almost every block.

Hi Elvis,You will need to fill out a construction permit if you are doing a major renovation, which requires an inspection from the city to ensure the code is followed.