But on the other hand, this city could use more investment in its housing infrastructure... so please come invest!

There is a lot of development there along with great infrastructure and being such a close proximity to Austin.

Sorry, I'm an IT Infrastructure Manager, I'd only be good enough to make the hardware and networking run really well for your back end stuff like databases, servers, websites, email, etc, run well. :)  Good luck with your search!

Knowing how to find properties like that and being able to monitor TS status, title, property condition, area market trends, etc are just some of the factors that go into our success.

The construction may be at a stand still due to an infrastructure or permit issue.I don't understand why the seller is working to so hard to save it from foreclosure.

And gauge this by monitoring your stress levels due to multiple projects, timelines being missed consistently, and funds availability to keep everything on schedule.

The trouble is that there really isn't a good way to monitor this perfectly.The Mortgage Professor has a table of conforming wholesale interest rates on his home page.

The Director, a good friend and soon-to-be investment partner, told me that their strategy is that they are trying to stamp out the drug activity by literally disrupting the drug routes (physical backwoods trails) by building and monitoring full communities in strategic locations over there.

Now many banks will let the seller carry back a second of 10 to 15% thereby reducing your down payment to 10 to 15% of purchase price.Another option you have is partnering with other investors and putting cash in to own a larger apartment building of say 50,60, 100 units etc. where you have the size to have a full time manager and maintenance person.The problem with the smaller buildings of 5 to 10 units etc. is you can't put the full infrastructure in place.

If you can look into the 203K "streamlined" I would highly consider it, the non streamlined has a lot more moving parts and requires the assistance of an outside consultant to monitor the project.