Daniel, assuming your underwriting is sound, the next steps are pretty straightforward:1. find yourself a great private lender2. purchase for cash3. complete your rehab4. secure a tenant5. refi with a DSCR loan.

This sounds like it would be secured by a second position note.

But the zoning code required a 5-acre minimum lot size for any new construction.

Just make sure their terms are better than any loan you can secure.

I'm worried that I may never get a certificate of occupancy if, for example, something is not up to code or was built without a permit.

Obviously each of these 3 come at different price points and different levels of security.

It's a generational wealth tool built into our tax code.

Hi @Jay Thomas, depending on your goals and criteria, here are some good zip codes within the Houston Area you may consider.77033, 77384, 77304, 77450, 77381, 77385, 77449, 77493, 77450, 77084, 77090, 77082, 77073, 77450, 77388, 77450, 77006, 77002, 77005, 77008, 77007, 77003, 77020, 77007, 77004, 77011, 77006, 77028, 77030, 77011, 77010, 77019, 77009, 77021, 77054, 77009, 77008, 77022, 77373, 77386, 77433, 77306, 77031, 77095, 77006, 77002, 77005, 77008, 77007, 77003, 77020, 77007, 77004, 77011, 77006, 77028, 77030, 77004, 77011, 77010, 77019, 77009, 77021, 77054, 77009, 77008, 77022.Goodluck

Additionally, make sure you're using a secure and trusted platform for screening.

I’ll be in town from June 28th to July 4th and I’m looking to connect with local professionals who understand the BRRRR strategy, Section 8 requirements, and have deep knowledge of the best (and worst) zip codes and neighborhoods to target.