., downtown Fort Worth and Texas Christian University).My Goal:I’m focused on cash flow, and this property seems like it could work if I can stabilize it.

The cost of the program is 35K upfront and then approximately $3500/mo for all marketing.

I have run numbers for LTRs on a set of duplexes that seem to cash flow well.

I have a number of lenders that I work with that will do up to 80% on a cash out refinance.

These are all upfront soft costs before you break ground. $300sqft to build at least.If you have any sort of mortgage on the property you will need an attorney to handle the mountain of paperwork the bank will give you for a lien release. 10k+, also probably some nightmare terms to have to build and sell immediately and god knows what.At this point a year has passed and you have spent at least $60,000 cash, you're about to break ground on a structure that will cost you at the very least $400,000 to build, you are still 1 year away from cashing out because you have to now build a house.

An inspection is crucial to catch any major issues upfront.

Meaning that if you fund a $5K EMD and then decide not to close you lose the EMD, or you pay for an inspection up front and risk missing out on the deal while you're waiting for the report.

Whatever you do, leverage smartly—DSCR loans can help you buy more without draining your cash, and depreciation will handle your tax burden for 2024.

You're netting $5k/mo and have no cash available and you're working a civil engineering job?

You should just tell them up front you think they have no value.