@David Dachtera  first course of action is to simply and I say very simply.. go to the county or city .. talk with the planning department.. and make sure the lots were recorded as final plats.. and are legal lots of record. just because utls are in does not mean the plat was recorded.then see if there are any other red flags.. then go to public works ask the same questions.then go to the building department and make sure they don't have them flagged.

@Matt Brechting sounds like we are peas from the same pod, just separated by a few years!!

We are under no false impressions regarding the amount of work involved and the bumps in the road ahead, so I greatly value anything I can learn here.  

We are 700k financed and currently in the process of raising a bridge round of 500k to get us to a Series A round of about 5 mil.

My husband and I purchased our first investment property in December, and we are now looking to get our second property while finishing up a remodel on one unit in the first.  

Plus we are in contact on a 60 unit in Atlanta.  

I was required to fax in:Copy of my Drivers LicenseCopy of my Social Security CardNOTARIZED water service applicationSigned copy of settlement statement from title companyThis seems like a ridiculous amount of red-tape required to set up water and trash service with the city of Dallas.  

We are anxious to learn all we can about the field, particularly in West Texas.

We are financing the purchase through a local bank.

But i like these high end properties, we have a few we are renovating right now over $1M.