Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Section 8: All the S8 “gurus” promote putting S8 tenants into this Class of cheap properties to “get rich”.

Never built in Houston before so take my feedback with a grain of salt but I'd put money on it being impossible to build a duplex from scratch for $125 a foot (including everything from drawings, engineering, permit fees, general conditions, labor, material, landscaping).Out here in AZ the builder cost is going to be $200 a foot at best, but add 20% on top of that for the client cost.

It might make more sense to just keep the rate, rent it out, save $30-35k, increase your income through a promotion or find another field and work for 2 years or more,  and buy another primary with a conventional loan. 

Material facts are still something that are significant in properties purchases in any compacity.

No labor + materials.  

Yes, there isn't much involved here either to teach HUD classes, the material is prepared, you teach it.

I owe zero dollars on it as I put the $200k material cost to build on a remortgage of my primary Alaska house.

On the flip side, some challenges include rising material costs, contractor delays, and unexpected permitting hurdles—so having a solid plan and reliable team is key.Would love to hear more about your strategy!

I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing.

If you were you promoting your services to our members, the site will auto-ban you, too.It appears that your ban has been lifted.