To precisely assess each property's cash flow potential, a comprehensive financial analysis and due diligence process are necessary.In order to invest in Dallas, one should carry out extensive market research, establish connections with local investors, property managers, and real estate specialists; moreover, one should investigate financing alternatives, investigate possible investment properties, and give careful thought to property management.

The assessment came in at $10k over what I'm paying for it. 

Consider expanding your search to emerging neighborhoods or suburbs, target niche markets like students or retirees for more stable demand, and renovate units for increased value and potential higher rents.

Or is there anyone that would potentially wanna sit down and join my LLC as a lender and we can discuss terms and build a connection and do good business together! 

Can someone provide me with some financing ideas other than the two that I just mentioned that would enable the other heir to receive cash from their portion of the equity based on its current assessed value and allow me to take ownership of the home, subsequently remodel it, and rent it?

Here's what I've observed: in the areas with the best growth potential (for both rents and appreciation), existing small multifamily is very scarce.

**Plumbing Concerns: Exposed Plumbing and S-trap in Second-Floor Bathroom** - The use of an S-trap and exposed plumbing in various areas could lead to potential leaks and damage.5.

Big difference in time commitment, risk, and potential profits 

Both have their own unique advantages and can offer great potential for real estate investing.

House hacking is an excellent strategy for beginners, and it sounds like you've done your research and are ready to take the next step.When evaluating your first investment property, here are some key factors to consider:• Location: Choose neighborhoods with high rental demand, low vacancy rates, and potential appreciation.• Property Condition: Assess property condition and potential renovation needs.• Rental Income: Determine potential rental income for each unit.• Expenses: Estimate operating expenses including property taxes, insurance, utilities, maintenance, vacancies, and property management fees.• Financing: Explore options like FHA loans, conventional loans, or portfolio loans.• Cash Flow Analysis: Use a tool or spreadsheet to calculate projected cash flow.Based on your estimate of $300 per month in cash flow, make sure to verify that this aligns with your financial goals and risk tolerance.