And management is going to be quite active.I have been BRRRR-ing for over a decade and in the current market the "B" does not work so well anymore with ultra-low inventory, but on the positive note we appreciation has become a major component, so we target neighborhoods that look well in that category.

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

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! 

Thanks Kelly,Great to meet you as 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.

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

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

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

@Robert Sorrels well, congrats on buying your first home.  

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?