We have access to a project manager and a team of VAs who do general admin tasks, transaction coordination, and marketing.

Sorry, not sorry), but I wouldn't call this one of them.People's opinions about STR don't seem to have a direct correlation with their other political leanings. 

The city is still continuing to develop, since they've only completed about 50% of the approved construction projects.

Our current goal/focus, however, is getting our first project with our own capital off the ground.

The bonds suggest that they will go bankrupt, and the politics are not friendly to landlords or businesses in general.If I moved to Chicago, I would invest in NW Indiana, I think Dallas has a much broader choices to invest over the long term, even if I think that the Dallas market is showing some signs of slowing.

I mentor someone I found on Biggerpockets for free because they had project management experience that was helpful to me in my business! 

Veterans are just like anyone else, they just have an amazing strong political lobby.

I was a little surprised how much the operating costs really are when I try and project what I'll need in 10 years to not have to pay out of pocket for big expenses plus the basic outflow (lawn, lic fees, termite inspections, insurance, taxes...)Here's my question, the property nets 1500 per month after I pull everything out.

If you have to use hard money to buy the place, plus utilities, this could be $1000/month out of your pocket till the project is finished.There are so many moving parts to this game, I keep thinking of other small (or large) details. 

Also are those rent numbers current or projected post-rehab?