If he is injured on the job and there is not work comp coverage in place, you are on the hook for his injuries. 

I was looking at a great deal by the numbers in Lubbock TX a few years ago but I couldn't get myself to pull the trigger.  

I'm curious to know if you ended up pulling the trigger on this property, and if so what funding method you went with.

You're pulling $160/door using the 50% guideline which is a good sign.But now you need to figure out the real numbers before pulling the trigger.

Do you have any advice for me when I am ready to pull the trigger and start searching for a loan officer?

Any owner, lessor, occupant or other person in charge of any residential property, or any agent of or other person engaged by any such party, who removes or attempts to remove snow or ice from sidewalks abutting the property shall not be liable for any personal injuries allegedly caused by the snowy or icy condition of the sidewalk resulting from his or her acts or omissions unless the alleged misconduct was willful or wanton.

.), I add it as a favorite on Zillow, which triggers a notification when there is a status change.  

Otherwise, you need to focus on running the business and not worrying about getting permission to pull the trigger every time it's time to spend some money.

If you do wait, then you should set a threshold for what your absolute highest price for a home will be and watch the rates so you can try and pull the trigger should they go up as expected.

It would be my first real estate investment deal if I pull the trigger.