This could be a dead horse unless you can pay off all back payments, penalties and interest to reinstate the loan on a subject-to sale hoping that the lender doesn't pull a due on sale.

As it sounds like this is just a hope and prayer you have the cart far in front of the horse.. get your financing lined up or your investors or whatever.Plus banks are not too keen on allowing people to flip short sales. 

@Ethan Perry  cool... there ya go from the horses mouth... when they say long term usage that is usually code for what ever the comp plan calls for .... however the designation sounds like its zoned correctly for multiple units.generally around the country I seeR 1   SFR onlyR 2  duplex or multipleso R 4 to me may indicate up to 4 units.. but its jurisdictional ... good luck go in with an open mind.write down all your questions in bullet point and go through them one by one.. at that point you will have a good handle on what you can and cannot do.Best of luck report back if your so inclined

You can lead a horse to water but you can't make them drink.If your tenant doesn't see the seriousness of an eviction you can't make them care.Honestly I have become battle hardy over the years.

I'm lucky to have made some good money at my last startup, so I'm hoping to parlay that into a real estate business and avoid the city lifestyle.When I'm not working, I enjoy riding my horse, flying planes and working on my house.

Another good Henry Ford quote I'll always remember is "If I asked my customers what they wanted they would have said a faster horse." 

A perfect retirement spot, I can see myself riding a good horse, having all my toys in the barn, knocking the ball around, kayaking in my backyard or just jumping in and sitting on the rapids having a cold one.

I think the simple eviction horse was never even in the barn.

Does this horse have a few more years left in her?

Not to beat a dead horse here, but it's no secret that Houston (and all of Texas) is growing and growing fast.