For my clients, this SCREAMS of building equity, provided the ARVs would support the rehab.

I am not sure there would be enough margin in this to support your goal.We know people are not lining up to accept section 8 so you could build housing targeting that group in some locations. 

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Unless you're in a Class A Neighborhood like Palmer Woods, Indian Village, Sherwood, etc,. the additional rent probably won't support the cost to build:(More profitable to take the build funds and buy another property.DM us if you'd like to discuss more...

While likely more expensive than Cleveland or Toledo, Columbus has a more diverse and robust economy, driven by government, education (Ohio State University), and healthcare.

The key is ensuring the after-repair value (ARV) supports refinancing to pay off the initial funding without overextending.Fix-and-flip - This requires sharp numbers and market knowledge.

The house is on the east side of houston near 2 universities but it is a rough neighborhood.  

This is highly lender-specific; there are no universal guidelines for DSCR loans like there are for GSE/Govvy loans.

I asked if you know of the statutory support for it or court cases. 

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