The soil or the hard surfaces should slope away from the building to a distance of at least six feet, to keep moisture away from the footings.

With over 15 years in the industry, I’ve had the opportunity to work on a range of projects, from residential redevelopments to mixed-use acquisitions across Texas.Today, I noticed some news about the ongoing expansion of Tesla’s gigafactory (https://www.bizjournals.com/austin/news/2024/10/28/tesla-gig...) here in Austin—an impressive 10 million square feet!

Start with the view from 30,000 feet up.

The condominium is 1 story and 1,333 square feet and was constructed in 2016.

I recommend you start with a turnkey rental just to get your feet wet in the market and the team you work with.

Lower-income renters tend to generate significantly higher maintenance and turnover costs.I thought the same thing.Paper figures always look great but real life is different.If I get any one of our investors 8% net net year after year, I pop the champagne.Not an easy feet at all...

This enables you to get your feet wet while seeing how the experience goes and once you get that settled in and you're comfortable with your processes then I'd start branching out into other investments whether it be local to you or out of state. 

They can't just go an play a round of golf together - anyone who has ever worked in a global organization understands those things are a necessary lubricant to make things work.

Like you said, It's very easy to get a Pre-Approval from a HML, however, many will get cold feet if the deal is not good. 

as an example, lets say a lender gave you an 80% loan to buy the land PLUS 100% of the cost to build the property on it in the form of draws... theoretically you'd be walking away with MORE than 100% financing. its just done in a round about way, and you would still need to bring in some "skin" as @Brandon Croucier mentioned.