., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

Does anyone know any additional requirements?

Your best bet is to get to know wholesalers and other investors especially the seasoned ones since they will come across deals before they hit the market.I am not sure if all that rambling helped at all!

Your best bet is a construction loan from a bank that you can turn into a traditional mortgage after its built.

These are professionals with additional training and a stricter code of ethics.

In addition to an accountant, you should consult an attorney on how to use your LLC to limit your personal liability which is really what it's for. 

If you think you’ll need to invest additional capital in them in the near future then you should make sure you know exactly where that money is coming from before you buy the property since your future employment is in question.The bank will look at your current financial situation, but they don’t typically inquire about your future state.  

Add it to your list now.As for suggestions as what to do.

Additionally once you find an agent or wholesaler to work with walk a few properties with them so you have stuff to compare to. 

Many wholesalers do not aspire to be a big player in the game and are just looking for some additional cash on the side.