That's why appraisers do the comparative approach and then secondarily the cost approach.So far, 100% of the time you don't get dollar for dollar back from what I've seen.

Most who struggle with construction approach ground up construction using a generic cost per sq ft analysis which often backfires. 

This approach ensures realistic pricing and helps avoid unexpected costs later.Good luck!  

@Melanie AlzugrayInvesting in a resort you and your family enjoy is a fantastic approach.

And a SUSTAINABLE approach to rental property ownership. 

What approach is correct?

Your focus on the Dallas market and Fix and Flip projects sounds solid, especially with the DIY approach and having an interior designer on your team. 

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

I did find this deal driving driving for dollars, the realtor of the property was adding his sign in the front yard, I approached to make and offer. we close in 3 weeks.

Or you have to take a value add approach to make it worth the hassle.