My goal would be to purchase the property, make cosmetic upgrades to the lower unit (3BR/1BA) and get that rented out ASAP so I can get some income going while I finish up larger projects like the roof and upgrading the upper unit. 

Every new investor is another opinion about the project.

It got me thinking: maybe we’re solving this puzzle in the wrong places.I’m the CFO of a company that develops, builds, and manages multifamily projects, and we’ve been digging into rural markets in the southeast US—think rural Georgia, Alabama, places like that.

In Texas an unpaid sub can put a lien on a property, sometimes as late as 4 months after the project finishes? 

I am not averse to something in the 10-35k range but would need to find the right mix of location and situation to pull the trigger on a project like that.

43206, 43203, 43207, 43206 are the only 4 zips we are doing projects in. that's all new construction.

I’ve been interested in real estate for years and have invested as an LP in several projects, ranging from residential single-family homes to NNN properties and flipping.While I haven’t owned any property yet, I’m hoping to take that step in the near future.

The problem I always encounter is, you own the project for life.  6 years later they will call and say, "you remember that doorknob you installed?". 

Quote from @Kurtis Carriere: I Am currently in the finishing stages of building my own house in Ontario, Canada and looking to sell and relocate to texas (likely DFW area)i have done 90% of the work on this project by myself so im confident in my ability to do any and all repairs on the property. 

Also, my worst performing project the past few years was a center city ground up project.