Are you looking to wholesale or buy direct ? 

I would challenge everyone to read Small Giants by Bo Burlingham, excellent book on growing a company with culture and core values.Buy Right Manage Right Finance RightGreat post AshleyGino

I put a small amount down on my first two places and got very lucky with market timing post-COVID. 

This seems like a lot of work for a small payout.

Just wanted to check opinions if it's going to be too small or should I just do decent size 1 bedroom with living space.

This kid is looking to rent a $1,500 unit in a small multi, not a condo in a building with on-site management.

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.

Other than unpredictable HOA fees, your unit will be in direct competition with tens of 1000's of hotel rooms.

Small town USA, told them I would stop by the Sheriff's  office so they could serve me.  

Despite the loan balance being relatively small at just over $100,000, the property's value has significantly appreciated to over $500,000.