If y'all have any tips or tricks for a new investor, deals, opportunities or are looking for residential real estate in DFW please keep me in mind. I

Maybe you don't notice it, but it's notable to others who have experienced life outside of CA and don't have CA as the singular center and whole of the universe in their mind. I

Quote from @Roque Miranda: Quote from @Shannon McCready: Hi!

No one in their right mind is going to file a lawsuit over 2k.. they may and should just take you to small claims and or as Greg stated file their lien and wait.Also work done to YOUR satisfaction is a pretty weak argument and totally subjective.

Thank you, @Mija Aguilera I will keep that in mind. I

With that in mind, I would save most, if not all of the cash flow until you have enough to do the renovation.   

There's been a few Houston developers on Biggerpockets podcast episodes.One that comes to mind is Donovan Adesoro. 

Because I want to continue investing, avoiding paying the personal gains is what my mind is occupied with. 

If that's the case, you would charge rent + utilities + water or just lump it into one rent fee.One thing to keep in mind is that friends often bail on deals like this once you get it so you have to be prepared to have to figure it out if you get the house and he isn't interested.

In my mind I was already expecting it to take a couple years before seeing anything, just b/c projects tend to have delays anyway, and these are big projects.