To diversify, visit and analyze Texas markets, speak with local investors, evaluate other regions remotely, build a team, start small, and connect with local investors.

The 1% rule is still a useful benchmark for quickly evaluating deals, but in today's market, it's becoming harder to achieve, especially in competitive or appreciating areas.

I need to be able to evaluate the investment. 

Here's a quick overview of the process:Highest and Best Use: Start by evaluating the land’s potential.

I’d love to hear about environmental assessments, soil tests, and any other pre-development evaluations

I think @Jonathan Greene evaluating both is spot on.

Once I know they are needy I evaluate the emergency and if not immediate I may or may drop in next time I am in the area.

After a lot of evaluation, I believe BRRRR is our best option.

I will be up there this upcoming week and will evaluate what needs to be done and look for a handyman and cleaner that are close by.

I ended the offer to rent to the tenant on December 1st and didn't receive any communication from LMHA until December 15th when they tried to schedule the inspection...that's 45 days to process a voucher.We had another home pass inspection on November 5th and we hadn't "stopped and waited" for LMHA because it had never been a major issue before so we let the tenant move in...LMHA announced on November 15th that the tenant voucher needed to be re-evaluated by LMHA and that the rent rate needed to be adjusted (The story was the "Administrator A" reviewed and approved it but since they had resigned, now we had to wait for "Administrator B" to do it.