We are excited to embark on this new journey.As newbies in the industry, we are eager to learn and grow through hands-on experience and expert guidance.

As you get further away from standard real estate practice, the risk is increased by a “legal” risk that your protection may be interpreted quite differently than you expect by a court and that the subtleties of the protection a mortgage or trust deed document provide with established law and court decisions handed down for (in the U.S.) 250+ years is not existent. 

My question is do more experienced real estate investors see this as a good starting investment idea?  

I started in real estate as an agent in 2009 with Keller Williams.

The S-TR filings, today, are sparce enough that you can process them by hand.

I would start the whole process over with the tenant - application, screening, and approval.

I've taken the former approach but I may start fully doing one house per year here soon just to get it out of the way.What issues, exactly, are you dealing with? 

Although from lenders perspective if you have done handful of successful rehabs, you should already have a pretty good understanding of the process, and can have an easier time to obtain a construction loan.Also Development (building multiple houses at the same time) will require additional skillset vs one house at a time.   

Hi all,Just starting out and I’m interested in market trends for the Dallas area.  

I would also suggest using the cash on hand and then have a HELOC available.