There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

You will have a leg up on the competition where it's a stand-alone. 

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.

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

You won't find a deal where you live for free, but if you can live in a great neighborhood at a reduced cost of living that is a nearly risk free way to get started in real estate. 

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. 

You never know what opportunities are going to come your way by going to your local real estate meet up.

They were seeking secondary homes for their family that could be rented to help offset costs and didn't require an immediate or transferrable permit.

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

But if your goal is to cashflow positive from the Day 1, you may find it very challenging due to current day interest rates, high cost of construction and the fact you won't have the efficiencies of a seasoned developer building at scale.