The biggest missing ingredient here is a whole life insurance policy with cash value.

Refuse to classify it as a failure, follow you're heart, catch your breath and come up swinging.Key ingredients to success are free.Hard workBelieve in yourselfpreparationfocus on key issuesbe decisiveplan and organizetake immediate action to solve the problemcounter negative thoughts with positive onesout work, out think, out tough the competition.visualize successshare concerns with wifecount your blessingsexercise your mind, body and spiritfeed your mind, body and spiritseek advice from outstanding peopleconsult skilled advisorsshare concerns with a close frienduse mental toughnessread about successful peoplenetwork with successful peoplehave strong faithpray....excerpt from one of the books I'm just about finished reading.

Another ingredient to add to the mix: College Students.

The Houston, Tx. market (in my opinion), is positioned to be one of the first markets to rebound.My view is that it takes three main ingredients for a vital market: Plenty of inventory, qualified buyers, and access to cash.

What is great rental property in terms of ingredients for example:What is a good Cash on Cash Percentage?

That is the secret ingredient, that there is no secret ingredient. 

It consists of three ingredients.First Ingredient for effective real estate investing goals: Net MotivationYou’ve heard of motivation, but what’s this net-motivation stuff?

The extra seceret ingredient on this project was a couple of coats of rustoleum 2x matt clear right out of the aerosol can!

I am quite sure a bank is going to want the players to have a lot of experience in the space... very good balance sheet.. and probably have the land paid for in cash.. as their skin in the game.. with those ingredients you can get this done. 

From what I understand of the process, the key ingredient is getting a title company involved.