The wife and I are looking at this property tonight, not as a rental, but as a potential new primary residence for us and our children:https://www.zillow.com/homedetails/12161-E-French-...It's not perfect for our family style, but it does have a nice amount of space. 

Deferring the income by building equity makes particular sense now given the tax implications of earning additional income when I have significant W-2 income.

I am sure they would love that on top of everything they have to pay property tax and also pay additional income tax just to keep a property that has already been paid for.

The house style is actually unique in this area (though not in the northeast), a tri-level.

In addition to this insurance if you want to be super safe you can always look into a super cheap umbrella policy.

I would probably just let the vehicle owner know what company removed it and provide tow company with vehicle owner information.I would imagine Texas is similar to Florida where you would be able to easily make the call to get the vehicle removed from your private property, but the additional steps would help you out on the off chance they go after you civilly for having the vehicle removed, any damages as the result of the tow, or business methods the tow company may employ in an attempt to make money from the vehicle owner for the time they have the vehicle on their lot (who knows with tow companies).

Also getting the land entitled improves that as is value and makes the loan more appealing to lenders You would probably be looking at HML unless you planned on using additional security 

In addition I paid my parents a contractor management fee which I do include in the costs.Now I know for tax purposes they will not include my personal travel (I already deducted that as on my sched C), I know none of the CC interest or fee's would be deductible anywhere, but regardless I plan to include them on the gross. 

Long term goal is the make this an investment property PAY IT oFF AnD hAvE IT FoR AdDITIONAL RETITEMENT INCOME Asking price is 205 Offered 200 I wanted to originally put down the 3% But after seeing the numbers (monthly) I’m not comfortable paying that amount.

In addition, we have been working with real estate investors for 10 plus years so happy to be a resource to you when it comes to questions or making contacts.