BTW: did you check local ordinances about boarding room rentals (which this would be)?

Stick to areas with better soil conditions like Frisco, McKinney, and Rockwall, and network with local investors to learn from their experiences.

I'd appreciate some insight from some local investors.

My local market is cost prohibitive to invest in and the thought of assembling a "team" of unknowns in another market was scary. 

You'll need a good local management company.

For instance, Berea is a charming college town, but the combination of local taxes and less favorable price-to-rent ratios makes it less appealing for investment compared to other areas in the state.

Start local.

I'd consider having a conversation with a local agent to see how the pre-fab vs self built will affect your property value.

You’re in an ideal market for growth—DFW is full of active investors and countless networking opportunities through local meetups.

Welcome to BP~ I want to encourage you to look in your local area.