I would strongly encourage everyone to use Shari Peterson for all of your transactional funding needs.  

Oh yeah, and if you can invest in your backyard or within a 2 to 3 Hour drive you strongly want to consider that. 

I am $65 dollars a sq ft in Salisbury NC for a 52 unit town home duplex style , our 98 unit town homes ( basically apartment all rentals Charlotte NC ) we will be at $71 dollars a Sqft all in with land.

Hey Ofer,I guess that depends on how strong of an agent you perceive him to be.

Is the Texas market strong enough for a niche market?

In addition, as to the cost of construction, it varies widely, depending on the style of the building, materials being used, finishes, etc. 

I'm currently in Midland Texas and am strongly consider a move to the San Antonio for the simple fact that the area has a solid market compared to my current area. 

I currently live in the Baltimore/Washington metro area, but have strong ties to real estate in Ocean City, Maryland area, as well as looking ahead to a potential move to the Fort Lauderdale, Florida area.

Currently I'm thinking about offering both debt and equity styles of investments, so I would like to find out the legal documents and procedures in setting up such structure.

That will continue to be the case with your transaction providing income to the IRA.I would strongly encourage you to have a qualified CPA or tax attorney review the situation and ensure the IRA is acting in compliance with IRS guidelines.