House hacking is a good idea from a loan standpoint but your equity will grow slower with that but it is a decent way to get started as long as you are not facing your age like I am.  

I will also echo several others here and say, I really would love to see the after shots as well. 

You are between two decent metropolitan areas: Louisville and Lexington. 

My parents Want to get a Loan for land. it is under 50k but despite my father having decent credit( they require over 700 for all 3 scores and 1 of his is over 700 while the others are high 600's) they denied him the loan.

So I figure it's now my turn to take a shot at posting.

If that is the case, I'm sorry to say you may not have a shot.

You can get hard money with bad credit easily, but if it is a buy and hold, you need to refinance out to conventional commercial, which requires a decent credit score.Start saving your downpayment money and start networking with others at groups. 

You are hard pressed to find any in half way decent areas of DFW that make it past the exclusive period.I love all things Texas, but there's really no comparison between SA and DFW.

In paper it looks decent (especially with very little money down, assuming your numbers are sound and $5000 for repairs that's a whopping 38% Cash-On-Cash, not too shabby) but managing a property in a D area might add unforeseen costs in time and money.

If the tile comes loose them the floor that's glued to it is shot.