He has also advised me to protect my investor that is already at the table (my mother) to form a promissory note system with her.I have contacted the county government about the permit process, and understand the basics of it.Thanks for reading my second post, I plan to keep this updated as like a running log I can refer back to and maybe get some guidance.

Many don't understand how to pull comps, assess rehab figures, don't know how permitting works or has an effect on a job, etc.

@Daniel Dem I would strongly advise before doing any big steps to consult a real estate attorney I think you would need a zoning permit.

This project is going to be 2+ years long and the permits for the construction have already been approved.

I'm fairly certain the 3rd unit was not permitted as HCAD only list as a duplex.

A lot of town meetings for zoning and permits but it's those extra steps that someone else doesn't want to take that will help you make the long term gains.

A lot of the best locations no longer give our STR permits but there some rare exceptions.But there is definitely something to your idea, you just need to think hard about finding the right location for the property.

You need to find out what the law permits and then see if there is an advantage to accelerate via cash for keys. 

Permitting the dwelling or grounds to be used for, or to facilitate illegal activity, including drug-related illegal activity.

Difficult to give you a realistic Dollar Per SF for construction as it's heavily dependent upon costs of permits, utility connections, etc.