I skipped the property since having good property manager is a high priority criteria when going forward with property.

If you have a lot of liquid cash + high credit score, it could be beneficial to use a loan (to keep yourself liquid) and then repay quickly. 

It can be tough to make money with high leverage, especially if market conditions change.

When I was stationed in Northern VA, high costs had me stuck until I sold my Corvette to meet my DTI ratio and get a condo using my VA Jumbo LOan—one of my best investments.

Highly depends on the particular community. 

What about land use and zoning policies that exclude affordable housing or even the high cost of living.Did you know that since January 1, 2020, California requires new construction homes to have solar panels?

Quote from @Ava Petruso: New to investing but been in the real estate game for 8 years as a high volume realtor.

I have my eyes set on a plot of land near my home where there is high income and significant traffic in a rapidly growing area in Cedar Park, Texas (north of Austin). 

The rehab estimate seems very low and the ARV seems really high in my opinion, just based on a tiny bit of research looking at what this property was listed for recently (it hasn’t sold), and what the surrounding similar properties are worth (~$250k).

Look for properties with outdated kitchens or bathrooms, as these updates often yield high returns.