Evan - I am at the same point in my career/journey, and moving to the DFW area in September.Would love to go to a few meetups with you and work collaboratively on building a strong network, learning the market, and preparing to investment in a first property. 

Very excited to continue to dive into this line of asset collection and hopefully build a great portfolio for myself!

I had to learn to establish relationships with people in the real estate investment field prior to purchasing and building.

That bubble will burst in a very legally challenging way for people who follow that bad advice.Second, you have to be in a position to handle a Due on Salecall.Third you have to be in a position to make every payment on time even if the property is sitting there vacant.You have to know why you are buying the property and what you are going to do with it to be cash positive without question.There are other things but that is a start.

I would probably start monthly or bi-weekly "safety inspections" to A) document any lack of evidence of risks/issues to the tenant's safety to be prepared to legally defend yourself in the future, and B) to monitor for new/worsening damage to the unit.

I hope this stops someone from making a big investment mistake i will start posting everywhere.

The rent roll was so close to 1% of list price (which in my opinion is too high to start with) that I was instantly interested. 

I'm wondering for those of you who have gotten a few deals in, how did you start once you had the money?

looking back I got a decent deal but it took too long to close and I need to find a team for the long term to accumulate fourplexes or build them.I'm wondering if people involved are just washing their hands if my deal rather than grow from it.Emails from before closing were insane looking back on it. 

The second phase of the plan is to build an ADU.