I added this line item to my rental application -  1.Confirm that you have a checking account and that you agree to use the automated ACH payment process through the Internet based Cozy system (https://home.cozy.co):Similar wording is in the lease agreement. 

It will be fully built in the next 3 month (after 2 years of building it) with 600 new jobs.

Buying land to build anything outside of a stick built home is often too problematic thanks to the bureaucracy of the anti-development local government here...Perhaps consider buying a larger MFR with a partner down here? 

I now have built a spreadsheet for net income analysis and evaluate by cap rate.

In some cases, simply disturbing the item risked causing an explosion.

Some people have reserves built up already to cover future expenses such as those and they decide to take the full cash flow out of the property each month (after accounting for the expenses mentioned above) and then they use their reserves to cover any unexpected repairs, etc.

Okay enough prologue, here's the deal:3003 Finley St, Fort Worth, TX, 76111 (United Riverside)4 bed, 2 bath, 1570sf, built 1951Asking $84,900Estimating $25,000 in repairs (roof is 2 years old) needs: vinyl floors, new countertops, appliances, HVAC, possibly re-wiring, trim/doors, and paint.Estimated ARV: $150,000 (I base this on 3 bed 2 bath comps ~1350sf only a few blocks away selling for $159k to $185k, roughly $100/sf to me seemed like a conservative estimate)Estimated rent $1400/month (I based this on Fair Market Rent chart for 76111 from section 8 housing which lists 3 bed at $1350 and 4 bed at $1720, plus several 3 bed 2 bath rentals currently available a few blocks away at $1350/month)Running BRRR numbers with $80k cash purchase, $25k rehab, refinance at $105k, %10 capex/repairs, 10% vacancy, 10% management fees led to a monthly net cash flow of about $200.Is there something I am missing about this deal that I need to account for?

If you built your own lines of business credit, how much do you have?

Closing cost are things like title work, recording fees, reimbursement to seller for pre-paid items (taxes/oil/propane), etc.Closing cost should be lower on a seller finance deal as there are no banks involved.Your title company will be able to give you a close estimate, call and ask. 

What can be built over the Storm Drain easementAny other limitations/factors/etcThe land has been on the market for 55 days and had a pending sale a month ago that fell through.