I'd definitely look for networking opportunities in your area to meet like minded individuals.

is this a long-term play or short term?   

hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.

Been a while since I last visited this website.

Personalizing your message to the individual recipient is the best way to avoid this.

Like accidentally leaving the car light on in the car and having your car battery dead in the morning.

Something like: "Know that if you don't pay your full rent by the 01, I will file for eviction".Or should I just wait and if she passes the 01th, file for eviction?

This will clarify and reinforce what you are reading.

What steps do I need to take to make sure I can get this going as smoothly as possible especially when it comes to resale in the future?

Considering most homes will not cash flow with 20% or less down, plan on 20% and most likely 25% down required - depending on the cash flow expectations.