The condition of the pool could absolutely be the game changing decision.

If you find the profit spread is lean, you might want to hold off on building, particularly if you feel the land is located in an appreciating market.

Our Privateinvestors will fund the remaining 10% of the purchase price, the first portionof the rehab (to be drawn later from the HML), and the holding costs.

I would really love to learn more about any tips, tricks, and/or suggestions/recommendations for this real estate game that I'm locked in on entering.

Under current rules (assuming you dad’s estate is not over something like $12m), if your dad holds the property to death and you inherit the property, there is a step up gain and no one pays taxes on those gains. 

If you're planning to hold for 10+ years, obviously that's less of a concern.  

Or do as I do... don't play the game when the numbers don't work.

Hi Deepak, North West is a great area to buy and hold since that area appreciates better than the south/west areas of San Antonio.

You still need skin in the game. 

Your dad can help investors flip houses without having any skin in the game.