Found it on Zillow searches and my agent on the ground got me into a virtual tour quickly How did you finance this deal?

My recommendaiton would be to build the ground level as a "wet basement".

Meaning once they get properly underwritten they'll be pressing DTI limits.Those two are not going to be reason the pent up demand gets exercised; if rates drop significantly and quickly it's for a net negative reason and likely job loss so those "pre" qualified and approved are likely on shaky grounds and buyer expectation shifts happen to the one's that are extremely well qualified. 

so far so good one project is well and septic.. of course we had to drill wells and do all the ground tests etc.. the other projects are basically infill with mainlines already established. out west here each state is different.. in CA you will hear the term Mello Roos ..

Found it on Zillow searches and my agent on the ground got me into a virtual tour quickly How did you finance this deal?

Don't do any Structural type flips.Reduce the risk and start learning.If the above are to labor intensive, either buy a hill or buy some swamp ground.  

Maybe it's burned to the ground.

Once we are debt free we want to hit the ground running to avoid, "paralysis by analysis" as @Nathan Gesner mentioned. 

The ex-owner had no legal grounds as an unlawful detainer so the eviction went through and they were out.

if you you ever need inspection services or boats on the ground here in Central texas hit me up!