Would you rather set it and forget it and not need to refi again or rather take advantage of low/no closing costs on this loan and plan to be more aggressive on your rate at the time of your refi?

My opinion is a SFR in an established area will help you keep occupancy up and also gives the better opportunity to sell later.

How much is the rehab going to cost, what's the ARV going to be, and how much will the property rent for?

This will save me much more money eventually than the cost of the bookkeeper.  

This tax scales up to 37% but not till around $12,500k in income for the year.   

Thanks for this excellent write up, Julie, and for shedding light on a very important subject!

We have regular evictions at this scale and they typically will take a few months up to six or seven months if the tenant contest/hires an attorney.

I would also follow up with a written lease violation notice stating that they need to correct this issue or that they could be evicted and cite the lease section that pertains.

Hi Eric, Have you lined up the financing portion yet?

I can do financial modeling with you and talk to other new build investors it's a slow growth plan. build directly at 25% below the market and also identify land too. increase unit counts and get better economies of scale. single family homes will never perform like a three story walk up apartment. we build a stacked triplex in Columbus Ohio with a picture below, if you are set on Dallas look at land prices and see if the economics help.