I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing. 

This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.

My goal is to build a business that serves corporate clients; construction and infrastructure development teams,  medical/education faculty,  corporate relocation,  family emergency relocation services,  sports travel/events, corporate and industryand I want to learn from those of you who are doing this successfully and are willing to share actionable ideas for how I can be successful in offering value to these groups.Thank you!!

If the number are close[100k or less], do preemptive due diligence [water, sewer, stormwater, planning and zoning] if the property is considered for a new build development situation.

If the townhomes are attached there is definitely no development opportunity here and not really any advantage of owning the one next door. 

It explains the team that you should develop to have a strong foundation under you while investing remotely.https://www.biggerpockets.com/blog/core-four-real-estate-team

Enodo (Multi-Family investors, developers and asset managers) 6.

Currently living in Los Angeles but I visited San Antonio for the first time in many years, and it definitely seems much more lively and developing than many other places I’ve been to.

If it's above 700 or 720, I wouldn't worry about it too much (though credit scores are dynamic and change over time, especially with RE developers).

Other than new construction development same here we have no senior debt its all cash.. of course unlevered returns are are a little less but man is it so much easier to manage and not worry about paying the senior debt all the reporting One has to do etc etc.. having been through a terrible down cycle with syndication decades past and watching what the guys I worked for went through and lost I just decided if we cant pay cash I am not going to do it.