This is what I was looking for, thank you so much for taking time to offer up this advice.

The idea is to understand how to make the financing work on my end and come up with some budget then start approaching land owners with a set plan/offer to see if any of them are willing to sell.Need some creative ideas from some experts to help me understand how I could make something like this happen.

Some municipalities offer funds for emergency repairs.

However, there may not be a clear technical or legal definition of "new construction".

Did you get robbed or offered drugs while walking around? 

Generally any multi family purchases 5+ units is considered commercial, and although many lenders offer financing, the down payment requirements will be slightly higher..usually 25-35% depending on the number of doors.  

Fractionalized loans are not legal in Oregon without a security document and blessed by corporate securities I learned the hard way on that one :( Having done HUNDREDS of fractionlized loans when i had my Company in Oregon I had no clue U could not do it in Oregon did not even think to check..

What do you offer to a JV opportunity? 

We are choosing new build because A) our family 4 has a certain size demand B)  the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years.

I cannot recommend much about the areas in Dallas, but i can definitely offer my expertise as Mortgage Loan Officer, Investor and Short Term Rental host.Feel free to reach out :)