Comps in the area go for 130k-150k for similar style houses (same neighborhood) and will most likely sell quickly due to the housing demand we will be having in Houston.

The closest I can get to that over here in America is finding investors to do a CP loan on land where I will provide a list of suggested areas for sale, as well as the condominiums total 3D model with construction costs and all dimensions/specs provided.

There aren't a lot of duplex here that are like that , it's strange I don't really know the reason why But they cash flow great I have 2 but there both apartments style vs traditional.

Being in WA with high transfer costs and always being aware of tax burdens, I have modified the model from the traditional buy & flip a bit, but that's my new venture for now. 

Can you ask him/her if there are any pre fabricated hotel models he's seen?

If you have an understanding of real estate and think you can get better results growing your retirement savings in that asset class, then a self-directed IRA or Solo 401(k) is a means to do that.All investments are made in the name of the plan, all expenses come from the plan, and all return accrues to the plan.There are several different plan types and service models available.  

@Canesha Edwards Your model is assuming those expenses are annual, but if you are only putting in monthly expenses then your NOI and other return metrics are way off.

The biggest drawback is the potential life style change but if you and your wife are willing to make the sacrifices, there is some money to be made. 

It may help to have a real estate attorney look it over.This kind of business model is disappointing to hear about as it sours potential investors who may be interested in doing something like this with a legit business.  

What brought me to this sight was the topic of Grant Cardone.. how his business models deferred new investors with no money down techniques.