If the dues are exorbitant or there isn't a clearly defined value being brought to owners, maybe pass on it, but I'd say by and large that STRA's are well worth what is usually a pretty small individual investment. 

You can always choose to develop the land later down the line when the economics are more ideal.

This is especially helpful if you've built up significant equity in your current home and want to leverage it to grow your portfolio without tying up all your cash.Since you're based in Collin County, you're in an ideal market for growth.

Spending quality time with your kids and connecting with inspirational individuals are definitely enriching pursuits outside of real estate.

Actually it looks like it is by each individual housing authority if they will participate.Hate to say this, but it is going to be like finding a needle in a haystack.....borrower will need to find a lender that will do it. 

Ideally, you don't want it to be too financially difficult to find a renter.

If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.

The tradeoff on the joint financing is going to be the (refi) costs associated w any transfer of ownership, HOWEVER transferring title to the LLC is unlikely to trigger due on sale (b/c it sounds like most banks simply aren't monitoring and/or enforcing due on sale in these instances) which would make the ownership (sans the actual mortgage note) more easily transferable than exiting your position as an individual owner?

It sounds like you're in an ideal position to transition into real estate investing, with both your industry experience and a strong local market at your advantage.

I’m especially interested in house hacking as my first investment since it seems ideal for building cash flow, reducing expenses and gaining experience without heavy initial capital.Questions & Market Focus:I'm still learning, but I’m starting to research these four markets to understand which may be the best fit for house hacking.