Building relationships with experienced real estate professionals is something I’ve also found to be invaluable for finding solid deals and staying informed about the market.

Also price is irrelevant if you dont have a good team and a good contractor who you communicate  well with. 

     I think the 1% rules best value may be to protect less experienced investors from overpaying for a rental Income producing property.

Build a team with local contractors and use property management software.

That said, plenty of successful investors do it without one by working with experienced agents and focusing on building a strong network.

@Elin Trinh I think right bow new constructions def has its benefits, but your key to success will be your team in Houston.

I’ve also been in touch with a design team, and they’re quoting a fee of 10% of the total construction cost.

It's also very risky to do 0% down, as even experienced flippers always mess up on budgeting/construction.

Do you have a team together? 

I have a few questions and points, which I'll ask below, but this is definitely a question for a NYC based real estate attorney who is educated and experienced with both evictions and rent stabilization.