Investors who establish scalable systems, secure diversified sources of capital, and streamline project execution will be better positioned for long-term success in an increasingly competitive market.For those ready to move beyond individual deals and build a high-volume distressed property business, the focus should be on operational efficiency, strategic partnerships, and disciplined execution.

If a 2-bedroom unit rents for $1,800/month in these neighborhoods, you’re well-positioned to offset your mortgage.2.

If OP can lever-up while maintaining adequate reserves, he will be in better position than buying with heavy cash position.  

On a positive note we did build a new house to the specifications of a specific tenant. 

I would greatly appreciate any guidance, resources, or recommendations you may have for someone in my position.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Be positive -  I would guess that over 95% of our clients complete their exchanges with properties they like.  

There's no way I can keep the house above water with that rent let alone consider any positive cash flow...so I need them out!

@Gil CanfuWith a $300k price range, you're definitely in a good position to find some solid investment opportunities in the North Texas market.

As for soft costs, you’re looking at a fair amount for a condo conversion-there are legal docs to have drawn up, reviews, surveys, recordings, setting up the HOA, reserve studies etc.