I regret every property I sold 10 years ago (except the ones in the hood, that was a short term experiment I am glad I got out off).Your total net worth contribution is a lot higher than 0.6%, just the paydown of your loan is double digit ROI.

With a loan I took against my retirement savings, I have the cash for 25% down and then some, but I'm hoping I'll have some financing options based on the work that needs to go into the place.

2) I am trying to minimize expenses and explore the possibility of securing a construction loan.

Leveraging Brittney's local market expertise, we secured the property for $190,000.

Sum with Gross Margin and that's your EBIT (earnings before interest and taxes).Next subtract out interest expense and add in any interest income(probably none of that).That gives you net profit before taxes.Then subtract out tax expense.That final number is your Net profit or loss.The principle is accounted for on your balance sheet as you pay your loans you reduce your mortgage liability which increases your balance sheet.

I feel i’ve grown a bit fast for myself and now have secured 3 rental properties under my belt in one year - Two being out-of-state and one being my primary residence turned into a rental, which is what brought me to this question: does anyone know any real estate attorneys in Texas that can look over my lease agreement?

Thanks, Gary Neely Gary, Just use you standard state contract and write out the terms of your seller financing in an addendum or on the OTP itself if there's lines for additional provisions.Be clear and concise.Example,Seller will carry a promissory note secured by a 1st position mortgage in the amount $97,583.00, at 6% interest, amortized over 30 years, witha a maturity date and balloon payment due 10 years after the closing date.Hope this helps and certainly get an attorney involved if you are not comfortable drafting the language.  

Is a conventional loan.  

Has anyone heard of LGS Secures Financing LLC?

The loan is the cost of doing business.