Given size and likely complexity of this type of building, I would imagine you are looking at close to $100k.  

@Justin JohnsonYou need money to get money (leverage) - having an fha mortgage did you put 3% down.Until you get 20%+ down it’s going to be more complex to get leverage and I would argue even if you could get leverage borrowing money with no reserves is a very bad idea

The challenge for Texas is you are competing against new and remodeled apartment complexes.

For the past few years I’ve been periodically posting about complex, somewhat hard to implement, and time consuming strategies and tactics that I’ve used and can be used to “accelerate” wealth building in real estate.  

You already realize that trying to handle this remotely is adding complexity and risk.

Scaling a real estate fix-and-flip business can be a complex endeavor, but partnering with an earnest money lending partner can provide the financial support necessary for rapid growth.

Our economy is complex, stating that a single indicator can predict the future is like reading tea leaves. 

Your situation isn't to complex for the right tax professional to save you money. 

I found the buying process really complex and long winded in contrast to buying in the UK and so set up Dream of Lisbon to help international buyers and investors with on the ground support in finding and buying properties in the Lisbon and Portugal as a whole.Would love to discuss the market, investment opportunities and speak to anyone interested in buying in Portugal.Thanks,Hugo

We have added layer upon layer of complexity to keep it working, to the point now where it's a mess that nobody even those administrating it get anymore.