Having trouble analyzing this deal as there are so many variables and I do not have the experiencing analyzing deals to make me feel comfortable taking the risk.Purchase price of the land would be $250,000 not including closing cost or fees, and construction for a new 3/2 home with an attached 1/1 ADU is estimated to cost around $300,000 - $400,000 finished.

Remember that these are their homes and create attachments to the property's as they have experiences there.

We had several funds and what we did is create an attachment for the agreement that it follows each company but each company is responsible for their own costs and cannot cross polinate the companies. it just saves signing 5x and just do it once sits it is the same agreement

Pic attached

Modern finishes, Washer and dryer and refrigerator.3bed/2bath minimum is preferred in the Texas Market.If you can add 2 car garage, that will make it more desirable and attach more buyers.All the best

I have a property in mission hills 7 bedrooms and 6 car attached garage renting available discounts if you rent by Sep 30th 2024  

It seems as if you have at least 2 children, id suggest looking at duplexes with 3 beds, or a larger home with an ADU (Attached dwelling unit) that you can rent to alleviate the mortgage payments. 

If you are using accounting software attach the receipts to the transactions as well.

If you do, use a prepaid card that you don't mind being attached to your account.

When I sell the property I make a journal entry to remove it off the balance sheet (see photo attached).