You're losing money every day you hold it because of the monthly loss.What you're betting on is appreciation.

Your best bet is just start putting in offers and see what happens.

I am looking to research the city more in the coming weeks but would love to hear people's opinions on it.Taking a quick look on craigslist, I see multi-familes anywhere from $200-$500 depending on if it's new construction.

You can just forget doing an assignment at all, unless your buyer is using Hard Money or Cashola.If you are doing a double closing, FHA will not work at all, as they require at least 90 if not 180 days title seasoning depending on a few factors. if you are trying to pull off a double closing, the best bet is to get a cool title company, a transactional funding lender, and a Fannie Mae qualified buyer.

Can most contractors find someone to build these or do I have to go with a special billboard construction company?

Offhand, I'm not aware of any "hazardous" waste issues from typical trailer construction.

Other than parts of Houston and east of there I'm not sure TX has a higher proportion of foundation problems than any other state, at least not ones NOT caused by poor construction to begin.

Your best bet is to review a self storage rental agreement, and work from that.

Are you betting on appreciation?

As far as a team I can do small things but I also have a few friends who do construction work and can do anything in homes really.