In order to put a property under contract I need to provide proof of funds I know that I can get that from a hard money lender but I don’t meet there criteria for a loan approval what should I do?

But there is one exception to this. 

Let me know if you need any tips on working with contractors or setting expectations.

Quote from @Paul Lucenti: @Shawn Ackerman thanks Shawn - I'll add that into my numbers thanks for the tip.

If the land is in a suitable location, this could open up opportunities for developing 2 homes or even selling off one of the lots, which could lead to a good profit.

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates this year).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

As Michael mentioned you just need to respond to the IRS and state this is what you're doing.

I agree, you need to confirm this with the city.

Welcome to the community and be ready for a huge amount of information at your finger tips.

RBTR is his primary strategy in DFW and can probably share a few tips/recommendations with you.