Or start a business which would require a lot more time than owning RE.If it were me and Dallas is appreciating, I'd probably hold onto it since you've had it since 2011.

My goal is to build the capital needed to start investing in Real Estate, and I felt this was the best way to get there.I spent 6 years as a project superintendent with a commercial builder, followed by 2 years as a construction manager in the track home industry.

Not sure what I did wrong, but it appears I am not able to start a post for questions, but looks like I can answer post fine. 

What I usually see is that they start with the average $/sq.ft of the sales price in the area.

I'm in Spartanburg and starting some new construction projects.

As for finding a contractor, asking local investors for recommendations is a great start.

Each room will have a separate lease on it with a separate deposit following normal property management practices, and like you said, the leases have different start dates. 

Start with a small one on the first couple to work out your system kinks.  

If you do have enough other income then you dont even need to lease out this property to start your refinance.However if you dont have enough income to qualify with no rental income offset then yes you will need to obtain your lease(s) and security deposit + 1st months rents deposited before you can utilize 75% of this gross income - your monthly PITIA payment (in terms of qualification on this property refinance.So all in all Id make sure what your current debt to income position is first of all (DTI) and then strategize to see if you even need the leases at all.

The practical reality is wanting to get started in passive investing with lower dollar amount minimum requirements.