@Reginald DaveIt's hard for me to give you any recommendation because you didn't provide any raw data on the operating income/expenses, as well as the financing you will be using.Do the returns you posted look attractive?

First, absentee owners are the lowest fruit on the direct mail tree.  

& Internationally), farmland, raw land, new construction, property renovation, development, and passive rental income.

Where is a good area in North Texas to find raw land for long term hold? 

Investing in vacant land is as simple as following some general steps that will take raw to refined, and turn property into profit.

Currently raw land with no perk tests done.

You set yourself up for people to be really pissed at you if they feel like they were strung along.Outside of the raw credit score it is definitely worth learning how to interpret the credit reports rather than just going by the raw score.

The only prior RE experience I have is managing a few raw land lots my parents owned.

You're getting 3.6% raw return.

I don’t want to spend all day doing research on the past boom and bust, but the low hanging fruit would be on the Case Shiller index, which reports on 20 cities.