If it rises to the level of a trade or business it does.

Garland is a great bet that fits your two criteria.Blue collar, many trades workers there who service the rest of DFW.

Anthony,While I admire your hard work and commitment to pay off your debts, it seems with the refinancing of your BRRR you simply traded short term debt for more long term debt. 

Hey, I was wondering if any landlord has had experiences renting to T.R.A approved individuals? If so what were the pros and cons of those specific tenants? Is this a secure strategy for decreasing vacancies?

So you just traded $1,500 for $220 which isn't good.

Look up the definition of a Trade or Business.

@Assaf KehatiYou may want to see if you can treat the loaning of interest as a trade or business and then be able to deduct general overhead.

Not sure what you mean here....land is a non-depreciable asset that usually generates a 1231 gain when sold if used in a trade or business. 

We are looking to to do a 1031 exchange on this property in the next year or two to trade up for something else.

@Justin Scott I think you are better off establishing square footage estimates than trying to get a GC to give you a cost estimate, then trying to find a buyer, then him getting estimates, yada, yada, yada.Sit down with a GC, or someone else that knows the trade and get ball park sq ft estimates.