At the moment I am trying to learn about the best way to set up our business and searching for the right people to work with to make sure we are well covered in the areas where we may be lacking experience.  

There are other fees as well, like draw inspection fees, additional appraisal at the end of construction, and construction fees or other fees a bank may charge, so you just shop around like you would a normal loan, but get familiar with all the different fees they charge; try to figure out how to compare apples to apples.I know nothing about San Antonio, but it sounds like you've done a good job finding a contractor.  

I would calmly inform him that you have already paid for damages you were responsible for and that there is nothing showing the termites were due to your (lack of?)

The less than 50% of debt would also have to be something that I would be able to pay off very fast, i.e. if I thought it might take close to a year I wouldn't be interested (note: this debt repayment is calculate by my work checks and is completely independent of the investments performance or lack there of).

The biggest impact on price and availability  aside from repairs was the lack of a fire hydrant nearby, not an issue in the city I would think.

If you are someone who lacks experience in estimating rehab costs yet you can reasonably predict ARV and calculate the discount you want to buy at, is there a method for doing a rough estimate of rehab costs such as using avg. rehab cost per square foot for your farm?

Much of this can be attributed to limited land availability and needed to go vertical to cater to lack of housing inventory.

@Jose Gonzalez I am new to this world, I've been studying a lot, when hear about the really good deals that were made just 3 years ago, it makes me a litter sad, but, this is the moment I choose to became a REI, so, I have a lot to do in front of me, looking forward, what I do is trying to analyze mls deals using bigger pockets analysis tools and see if the number make sense, with my lack of experience there are some deals that still can work, in theory, but I know I have a lot to learn about evaluating deals.I also like the idea of buy and hold, while getting positive cash flow, from the beginning, the market fluctuations does not really affect your property value, till you are ready to sell it.I am ready, willing, but not able yet to buy mi first deal, but when I get there, I won't be waiting for the market to be better, I'll keep looking till I find a "decent" deal to put my money to work for me and/or with me.Don't get me wrong I may take more Than 2 years, but I doubt it, deals are been made in Miami today, Is a fact, I know a couple of investor doing it.

We've found there are lots of vacant land opportunities in these areas and the lack of comps really drives down what we can pay for raw land. 

I simply cannot get OUT of the contract due to lack of financing, which isn't a problem since I have it!