To minimize delays, it is important that you get approval to be a section 8 landlord from each housing authority.

Not the nicest areas, but nice enough.. and I would be looking for minimal cashflow, banking on appreciation. 

I love the idea and its really quite nice because the costs are minimal and upside is huge.

Since you are doing new construction I would suggest making them private enough where guest have minimal interaction with each other.

What I love the most is two fold, the interest paid back on the loan goes back to you, the fees to do this are extremely minimal. 

House hacking is a fantastic way to start building wealth while minimizing risk.

Your photos are also dark which makes it less inviting and cozy for potential guests. 

It’s also great that you already have equity in your primary residence and cash available—those are valuable resources for getting started.If you’re considering a multifamily property, house hacking could be a great way to dip your toes into investing while minimizing risks.

Explore a DSCR Loan with Reduced Down PaymentSome lenders offer DSCR loans with minimal cash-to-close requirements if your property cash flows (even marginally).

Hypothetically, if I found a property with strong rental demand, the income could cover loan payments, operating expenses, and generate a modest positive cash flow.While this example involves upfront risks, the idea would be to leverage my father’s expertise as a contractor to minimize renovation costs, boost the property’s value, and create a long-term asset that appreciates over time.