Seems like it's in a lower end area so if it is filled you will have tenant issues and turnover cost.

I’m not from the US and currently live in Europe most of the time.I’ve found some apartments that could work well for my needs—I plan to rent them out on Airbnb and reserve a few nights for myself when I travel there for work.My question is: apart from the purchase price (I’ve seen listings on Zillow averaging around $150k in areas like downtown Dallas, Old East, and Plano), what other costs should I expect—both during the acquisition and in monthly payments?

I was wondering if there would be any advantage creating a LLC or business to pay for the renovation costs.

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

Typlcally, a lender is going to lend 75% - 90% of the Cost of the project (property price plus rehab cost (scope of work)) or 70% - 75% of the ARV (As Repaired (as completed) Value).

That's where you should start, because I am afraid you are way off with your cost projections.

The real prohibitive costs come from the legal, compliance, and reporting requirements of registering a security.

Simply put, we start off with the As Repaired/Completed Value (ARV), then subtract from that number a reasonable profit, the rehab cost (scope of work), which we've gotten good at, a contingency reserve for any "unexpecteds", our cost of capital/carrying costs (interest and costs of the leverage used), and our costs/fees on the buy and sell sides of a flip.

Again I cannot collect rent to justify this cost/effort.  

.: Cost of risk scenario.