If you sell it, you get $250k single / $500k married exemptions from capital gains.Speak with a tax professional about how much you'll save in taxes by doing this. 

My area seems to be saturated with Airbnb/STR properties trying to sell. These properties were purchased for investment only purposes (they are not second homes/duplex’s etc). When I check local real estate listing it...

Quote from @David Young: My wife and I are new to this and are saving for our first property our goal is to start looking for properties in November 25, we have a couple questions, would it be wise to invest out of state for our first time investment (we do plan on physically going to see the properties to potentially invest in) ? 

Assuming your debt is SUPER cheap and only costs you 12% you’ll save $22,800 TAX FREE  So the combination is saving $60k at 12% (or more) is $7,200/yr and $130k in the bank at only 4.5% is another $5,850/yr  so you’re over $13k GUARANTEED instead of a chance to make $7,200 before taxes  

Planning to go back to the same company in downtown Dallas? 

The benefit of this is that you are not paying Hard Money rates so in long term there is a lot of savings going this route.

I plan to buy and sell 10 or so more over the next few years.

Major in business (with a real estate focus), start learning through books, podcasts, and investor meetups, and work on building credit and saving money while in school.

Discuss plan with Planning Zoning group.3.  

Or should I grab plans from a local builder and work with their architect to modify the plans to more of my style?