This process will help get you educated / organized and prepared. 

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.

Well he did it again the next day, so I blocked his number.

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! 

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

Thanks Kelly,Great to meet you as well!

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

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

Financial Preparation: Determine how much you can afford to invest and evaluate your present financial status.