I do understand the logic in your case. 

New to the real estate investing game!

On the bright side, a lower LTV will decrease the risk of the project for you so it's a good buffer to have on your first deal

Because you have to keep the same taxpayer as owner from the relinquished property to the replacement property I'd worry that the legal protection you'd want for a development TIC won't be there.DSTs have high fee but probably are the best path forward for someone who wants to be fully passive and avoid legal risk.

There is a few active FB groups that have meet upsNo I don’t own any properties yet, how can I connect with the FB groups?  

The house has now been appraised at $265,000 market value. 1908 sqft. 

Hi Kim, welcome to the game.

What are the trends showing in the 78747 area? 

I have a program that will go to 80% on a cash out depending on the state the property is in. 

Dust and spider web all over the place, kitchen and oven was disgusting, somebody did their business in the toilet and it was still marks.