So take that into consideration when you're looking into your options and the law/code.2) Look into:RVTiny homes (some could be below the square footage that comes under scrutiny)Tiny homes on wheels (like RV, but smaller, and less unsightly) - the wheels at least get you out of the building code issues.

Even if you are extremely dialed into the "wholesale" market, it is tough to find a deal that you are going to live in because you aren't rational about it.

I know a 0% occupancy and even a 50% occupancy is extremely pessimistic, and again i am looking at properties that are already at or near 100% occupancy currently.

I am a newer investor, however I am extremely motivated to market and get some great deals  under contract.Thank you!

Is there anything you overlooked, thinking it was of minor interest, that in the long run turned out to be extremely important?

@Will Barnard It is extremely rare to have a release of EM to a seller in Texas prior to closing.

These were of course the extreme cases but I was amazed at the number of folks who would not pay child support for 7 years but pay $3,000 for a guided hunt, $2,000 for a sheep mount,  but not pay $250 per month for his 2 kids child support. 

I really appreciate each of you taking the time to reply to my post and providing extremely helpful information.  

They were nearly always late on their tiny share of the rent.

My wife and I are extremely new to real estate investing, and we are excited to learn as much as we can.