You need to connect with people, form trust relationships, learn from others in your area and you'll be surprised how opportunities open up. 

Some people seem to get locked in to one place they find, or a place a friend or family member is selling without really evaluating the available market.In a small town in East Texas I would think your biggest risk is a big player coming to town that can absolutely crush a smaller player. 

What other people get is immaterial to your decision.

I could complete the main road in phases, build 2-3 at a time (could do more really as we have 15 right now actively being built but realistically not sure how fast it’ll sell.

Most people are happy just to not take a loss each month. 

Checkin with people after they arrive to make sure everything is good with the house.

People who get evicted could care less about a judgement or the collection process. 

This is easy for some people that have lots of friends investing in passive real estate opportunities.

Hi Devin, Have you ever considered that instead of America needing smaller homes that are more affordable, that America needs more higher paying jobs so that people can live the actual American dream versus having to settle for less and less and less (Has George Carlin pointed out in his classic speech about this). 

"Fall in love with people, not with houses".Did your agent do a "cash out analysis" to show how much winds up in your pocket after the sale expenses?