I live in the South Dallas as well and would love to meet over coffee.

You can include the renovation budget in the loan as well.

This can also be a very expensive road as well. 4.

And even better, it's about half a mile from neighborhoods with $800,000+ homes and there are virtually no rentals in the area so should do well! 

I currently have solid relationships with a real estate agent, as well as a quite a few tradesmen in the area.

I have met a few folks doing STRs out that way and they are doing pretty well.

You can rent that out as well on months your not there and ultimately refinance down the road to pull cash out and transition into a full time LTR or short term rental VRBO to make more money.

The only permits required are for septic, general build, well and electric - and of those, only septic and electric are inspected.

If I have had a notary sign the Quit Claim Deed as well as my grandfather, is it a problem that I have not filed it yet or can I do that some time in the future?

It does take a couple days to get the money however I have smaller more immediate reserves available as well.