I don't know any RE investor getting 36% cash on cash return, even those who bought over 10 years ago (not in this challenging market). 

Challenges?

Challenges?

Challenges?

Challenges?

Challenges?

The bigger challenger with this arrangement is finding contractors that have the financial wherewithal and general professionalism to submit true invoices for work completed and willing to let it sit out there for sometimes 2-4 weeks until the draw comes in to be paid.  

Securing financing for a property without current income can be challenging, but there are specialized lenders who focus on the asset's potential rather than its existing cash flow. 

I hope to hear about your success stories and any challenges you've encountered along the way.Thank you!

@Jermaine JohnsonTo succeed in the Houston market, network with professionals like real estate agents, contractors, and property managers, leverage local investor groups, understand the market by researching neighborhood trends, supply and demand, and zoning regulations, use market data and tools, and start with a focused strategy based on your goals.