Id imagine your state has one available and accessible as well.

I cannot imagine anything that would be more stressful to me than be responsible for other people's money.

I would imagine that it would work in the DFW area since that area is in such a housing demand.

@Andrew Jennings FreerksAllan mentioned $180/sft build cost in our market and that is correct for those finishes.I imagine in your area it will be much higher as you live in a very regulated market with tons of red tape for building homes. 

This is not to say I do not take advantage of 30 year terms at low interest rates, but I manage how much I leverage.Thanks Chris, I definitely have considered age as a factor as well, im 32yrs old so I have plenty of time for a 30 year mortgage especially with rising rents if I am cash flowing close to zero to start I would Imagine a decent cash flow within a few years.

I imagine that the ARV of a Tear-down would be EXACTLY the same as an equivalent vacant (serviced) block (based on comps).

Since they are likely single mothers or younger couples with a child, I would imagine, schools, parks/playgrounds, public transportation, and grocery stores?

Imagine if they has their house held for ransom by a mob?

Imagine having the same exact conversation three times, lol. 

Imagine this next sentence in a sassy Texan accent: No offense to those who have mentioned life spans here, but no one can tell you how short your life expectancy is going to be...