I was thinking ​some type of homeowners policy, I didn't think about builders risk.You're very welcome, Stuart made an excellent point about having contractors add you as additional insured.

Both the daughter and Dad have excellent credit history but feel this is a red flag. 

I know an excellent realtor in Waco.

@Will Gaston - I spent the afternoon reading through this thread - excellent information and I really appreciate your willingness to share your experiences.

Just make sure your PM has excellent accounting practices in place as trust accounting can get out of control fast.

It's very sprawled out, it's a bunch of different pockets and growing suburbs.It's an excellent area, enough to where I'm heavily invested in it.

This is an excellent platform for networking and enhancing your knowledge.

@Tal Barazani if you're looking for a lender that has many options with regard to excellent rates for investment properties in the TX area, @Tal Barazani feel free to reach out. 

In short, excellent experience and no issues with them.

If you hold the investment for a specific period, you may even eliminate the taxes altogether.Economic Growth:Investing in low-income areas undergoing gentrification can yield excellent returns.