Based on my experience of running properties, even if the build were to cost you as much as $600k but you could generate $125k/year, you'd be very happy with that investment. 

Hi Chris, there are several options you could consider, but it would all be based on your risk tolerance. 

As both an investor and a mortgage broker who has personally used both options, I can say there are benefits to each.It ultimately comes down to comparing the two side by side based on your specific situation.

So when you need to go check on things, rent units, meet contractors, etc, you're jumping in the car for 6 hours, spending 1hr there, and I'm thinking after a full days's work. 

Did you have to jump through so many hoops and provide this level of personal information?

I'm originally from Florida and jumped into real estate after burning all the boats. 

It jumps out as rather obvious to me.

In Texas we do not have real estate sales taxes but property taxes are high and also included in the proforma based on the 90 day holding period.4.

This was something I was intrigued about and the post jumped back to the top of the list when you asked yours. 

Another thing is not to rush I was in a rush to jump into RE but I'm glad I did it's all a learning process on what not to do for next one.