Owner-occupancy shall not be required if the owner is another governmental agency, land trust, or housing organization."

Regarding buying a property to resell it, I view that as a bad idea.

You should start getting referrals for an attorney to help you organize the structure and language for your described arrangement.I would absolutely recommend the Investment LLC be 100% separate from the construction entity.

Just make sure however you sell it is to an owner occupied and not to a mobile home flipper who will pull the home, resell and relocate. 

They may be able to help with first time buyer options.I would reach out to local hispanic organizations and any housing non profits that may be assisting in finding people affordable housing. 

If you donate them to a 501(c)(3) charitable organization, you can get a tax deduction equal to the current fair market value of property, no matter what your parents paid and no matter whether title has been quieted or not.  

There is no personal loan for non owner.Loans are organized like this for non owners:1-4 can be a conventional or government backed or DSCR or bank statement loan- lots of variety in products.

If it's on the MLS, investors have direct access to it via the listing agent or their own agent, so why would be able to buy it cheap and the resell it into the same market that it's already sitting for sale on?

:) Great self-managing comes for well-organized systems, polices, and procedures.Any advice on ways I can move forward with my goals?

I'm not trying to take credit for organic rent growth because that doesn't tell me if I should have or should not have done the renovation project.