Then there's sober living companies that get some government funding and require counseling, meetings, etc.

I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!

I financed this deal through a private lender, allowing me flexibility and faster access to funds compared to traditional financing.

We do NOT sign a lease with a prospect until they have:1) Paid Holding Fee2) Paid all MoveIn Funds: first month's rent + security deposit + Pet Fees, etc., MINUS Holding Fee paid.3) Utility Transfer: we require proof they've put all applicable utilities in their name.4) We do send them a copy of the lease to review.Once all above done, we send lease to sign electronically.

As a new landlord, familiarize yourself with tenant laws and have a solid lease and screening process in place to protect yourself.Be prepared for maintenance expenses by setting aside funds, and if managing the property feels overwhelming, consider hiring a property manager to handle day-to-day tasks.

If you ever have a hard to place or unique loan, let me know we have several people including ourselves who can fund these types of loans. 

Thanks in advance,DavidDavidThe home equity line of credit can be assumed -- it is cancelled with the bank at closing so no further funds can be obtained.It is common and same as assuming a non-heloc mortgage.Alan

One of the properties has been in contract probably three times with long waits to close, and then when closing came, the buyers would either have an appraisal contingency fall through, not be familiar with the area, or didn't end up with enough funds to close the deal.

After half a lifetime of working and saving and investing in index funds while renting, im ready to make the jump into a new asset class.Looking to owner-occupy a multifamily in the city of philadelphia and hopefully pass a portfolio on to my kids someday.open to any and all advice!

Alot of the training teaches you about apps, and events coming in the future that are really commercials because ofcourse you have to pay extra for them. they have so many different parts and systems for instance I just found out today that the one on one coaching i thought I signed up for where they fund you deals and you split 50/50 has 3 parts.