Be sure to call the planning department of where the property is located to verify the STR process and procedure.

So if you can find a parcel that doesn't seem to have multiple fatal flaws, or at least you think you can add value to fixing/figuring out their constraints, then I would do that and then just flip on the MLS, especially if you are able to let it "season" a bit, which the title companies in California require anyway...they won't insure a flip of a tax parcel until some time has passed.

I have some thoughts to your question:1) Maintenance service plans (requires agreement with preferred vendor, or if you have maintenance staff, through your company)2) Landlord liability insurance through third-party insurance providers (note: this is in addition to a Dwelling Policy, which the owner should already have)3) Lawn maintenance service programs (requires agreement with a vendor for agreed-upon pricing, or if you have lawn staff to provide this service, through your company)4) Fee in lieu of security deposit (requires agreement with insurance company that provides this service)5) Increased inspection options (e.g.

Is that your plan?

Currently it is not cash flowing, and after mortgage/taxes/insurance/maintenance, it is probably losing ~$1,300 per month (eww).

The open floor plan seamlessly connects the living room to the kitchen, making it perfect for entertaining guests.

I'll be honest the new building/development world is extremely tough to get into and unless you are planning to do it at scale or have a super unique way to find land/deals the risk usually isn't worth the reward. 

I am planning to move to Dallas.

For $2500 per month we will have a once a week coaching and educational call where I tell you about the moon and my plans to conquer it.

Make clear plans, use no-cost tools, study areas, spot deals, and move forward.