I mean its easy to get a building permit in small towns in texas , but never encountered this before owning the land.I own several lots in this particular town but they are not issuing any new water meters until their new water well goes online which wont be until January.

I am not sure if this is the right place or not but I wanted some input into any obvious issues with my lease option offers to the tenant buyer that earns plenty of income but doesn't have the cash right now and wants to improve credit before purchasing but would like to lock in the price as our market is still struggling with inventory. 

They don't consider borrower income. 

  * 2-4 unit properties are residential and mainly valued based on sales-comparison, not income.

Gains through crypto felt uncertain to me but still had a draw, so I decided I wouldn't use more than 5% of my disposable income to gamble (whether on leveraged index funds like QLD or crypto).

So if you can get a property, that is the first step, over time, it will start to make you income.

Yes, there are ITIN DSCR lenders out here for $100K and up DSCR loans.More info on DSCR loans:DSCR loans won't use your income to underwrite the loan.

I am searching online to see what cities to invest in with price under $400k.

Fortunately, you can get creative to increase the income.

Both units are rented out at this time, for a total rental income of $3,600 per month.