@Frank FloresInvesting in delinquent tax sales in Houston can be profitable, but it comes with risks.

That said, realistically, I don't think you can go below the 6% - 6.5% range.One question I would ask is if that 3% can be better spent somewhere else to de-risk your deal.

I'm certainly cognizant of the risks of managing a property remotely (my wife and I did rent out our Chicagoland house for a couple years while living in STL).

Look for properties where you can add value with smart, targeted renovations rather than going overboard.Financing Strategy: Since you're aware of the leverage risks, keep your financing options flexible and conservative.

If this was the case, you risk putting yourself and the property at risk.

Or the developer can close on the land at risk but they have a lot of capital when that's the case.  

Hopefully i can give back as well.   

Well....

Whie DOS lender risk may or may not be high, being ininsured is... well, enjoy your 'asset protection'.

Starting small with duplexes or triplexes aligns perfectly with my risk tolerance.