Consider hiring a property management company if you are not comfortable managing the property yourself.5.

I believe we are going to go with the cash-out refi though he also suggested using a construction loan which would have delayed principal payment period if we thought the rehab process would take a long time.

Hey Scott, working as a property manager in multifamily with tax credit and conventional units, we have many cases where people have other sources of income, whether alimony, social security, etc.

Specifically, we're exploring whether constructing a duplex and triplex or two duplexes would be the most profitable option.

Although no major renovations were needed, our strategic approach and rapid transaction management significantly increased the property's market value.

Any advice or guidance on the do's and don't of managing a property in DFW?

We also manage over 100 investment properties, mostly Airbnb.

Doing your own general construction for a rehab project can have several advantages but can be very costly attempting  without having knowledge and experience.1.

My mortgage on the property is $1773 and it is a brand new construction. 

Educate yourself on how to manage what you already have.