I also work for a Fortune 500 so it has been helpful to understand how these types of organizations operate and translate this to my real estate investing.

Thanks for sharing Joe, I might steal that spreadsheet layout to organize my investments as well!

Those guys end up buying marketing programs from one of a few specialized real estate marketing organizations out of either Las Vegas or Salt Lake City; and the result is the cost of their programs goes from $3000 to $40,000, the quality of their information go from a 8 to a 4, and once you’ve entered their program all your contact is with an employee while the guru is out giving seminars, workshops, and making videos.   

Potential properties should have a complete financial study done to make sure they meet your investment objectives.

I definitely recommend Turno, it has saved me a lot of organization time these last few months.

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

A careful present value of the two strategies would need to be made based upon a specific investor's circumstances, goals and objectives to determine which would be best for them.  

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.

It may be helpful to consult with a lender or real estate professional to discuss your options and develop a plan that aligns with your objectives.

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.