There is also a constant pool of young educated talent with UT, ACC, TSU, A&M, Houston and Dallas are 3 hours away.  

So my question is, can buying to be built construction work the same as real property if it’s really just a preapproval up front (with contingencies would be fine), then a much longer waiting period to close?

The unit stays vacant for an extended period of time, and you have to lower the rent to fill it again.  

I came across this site not too long ago and am much more educated for it.

Then you get the renters in...if using a conventional loan, go through a 6-12 month seasoning period.

It sounds like you need education prior to investing.

Therefore I've decided to focus my early investments (and education) on larger projects as an LP.

After some period of time (30 days or whatever law allows), they can file to secure title to the car to pay fees.

This is my first thread on BP as I've been spending the majority of my time researching and reading on the forums, however I do have 1 quick question i was hoping you all could help me with.I intend to use a HELOC on my primary residence for my first rental purchase and through my research i've learned that banks like to see funds in a bank account for a certain period of time, before they are willing to accept those funds as a viable down payment for a loan on an investment property.This is interesting to me, because the obvious goal with a HELOC is not to use those funds until the last minute, since you are paying interest on them. 

However, I've seen some local lenders work around that.That being said, you should also consider the possibility that you might have a vacancy for a long period of time and need to be able to carry all of the expenses on your own.