You can also identify a city-owned lot through this map and work to incorporate it into a real estate deal with the traditional grant programs serving as a portion of the funding.

You can of course also do traditional funding (banks): 20% down, qualifying credit and take 100% of the risk and manage the rehab yourself.

They are like $12.4) Multiple accounts:  Often with these 401K plans you will be opening multiple checking accounts (one for Roth Funds, maybe one for traditional, if your spouse is on the plan then one for them).

Mitchell but haven't really looked too close at those areas as I don't really have enough capital for a traditional home purchase in those towns. 

Another thing to consider is if you end up not being able to qualify for a traditional multifamily home, then you can purchase a SFH that has a casita.

Many of us started out using this strategy, and have continued to implement it with numerous nuances: House Hacking with an STR in your basement, renting by room in a SFH, and most traditionally in a small multifamily property where you take one unit to yourself.

It's quite different from the traditional turnkey model where the seller is rehabbing a 100yr old home and also managing the property, which I've invested in the past and not had a good experience with. 

I screen Section 8 tenants just like traditional tenants.

I eventually found a traditional buyer who got their own mortgage.

When funding your real estate deals, do you prefer PMLs or traditional bank financing?