Even if they do, you have proof the house is yours and you are occupying it with keys to the door, so the police won't have the authority to evict you.

Rent grow being 3, 4, 5% with expense growth being the the same or even less than the rent growth.

But at the minimum, to get the site ready to build on an even flat land, it's good to budget $10k for total sitework. 5.)

Even had a brand new roof and young HVAC.

During rehab process the bank sees us with; 2 mortgages, 0 rents, and 1 income (spouse not working) and would be too risky. 2 mortgages will make us at borderline break even cash flow with existing income.

I’m really not sure that’s worth the investment - even at $50 per month extra rent that would take 15 years to recoup. 

Looks like that will get absorbed though and starting in 2025 there will be a big lag in construction and deliveries, so hopefully that will help us on rents.For the standard deal now in DFW, break even or a little cash flow probably requires 30-40% down.  

The goal is to get a tenant in there (even Section 8 is okay).

Good evening, I am excited to be here and would like to gain, a lot of information about real estate development.

Ideally, I'd like to break even or be profitable.