@Ryan BlakeInDouble double closing Could involve spending money for escrow right ?

I was under the Impression title company needed to be involve unless lawyer is good enough ??

Yes, there will be extra headache involving opening a seperate bank account.

Disadvantaged to be aware of include fire and life safety, increase in structural support, difficulty in construction logistically.Your best bet is meet with a local GC.

Your other question is a little more involved but I will say that I looked a several properties in the Truckee/Tahoe Donner area before finally buying one in Tahoe City earlier this year.   

If the same name keeps coming up I bet they are worth looking into.  

It's also a companion to his Book on Flipping Houses, which is a great overview of the broader concepts involved in flipping, and even residential property investing in general.

Garland is a great bet that fits your two criteria.Blue collar, many trades workers there who service the rest of DFW.

I want to buy it, but do I need to get another realtor involved?

I was thinking of putting it in an index fund but that would be more for a 5-10 year timeline. another option would be individual stocks but there is a lot of risk involved in that.Any advice would be greatly appreciated and thank you.