I live in a very hot rental market and demand is much higher than supply.My housing authority publishes a chart of what they will pay for the amount of bedroom house that you have.

@Jordon NicholsPre-qualification is not as solid as the Pre-Authorization. 

At my most recent meeting with the LA housing authority I learned about Prop 10 that basically limits the amount of rent a landlord can increase a vacant unit.

If you were to proceed you would need to check zoning to see if building another residence is authorized. 

My first investment property was a 2 family at 175k... i was going to put the min 3.5% down... but my lender found a grant through the cincinnati port authority.... they had grants for buying in certain neighborhoods... this particular grant was only for first time buyers, in certain neighborhoods, and you had to have 720+ credit and not make more than 100k with your W-2... but they paid my entire downpayment... and all i needed was to bring 3k in closing costs..... this allowed me to get in for so low....

You may want to confirm this with your local housing authority.

You can be the manager of the LLC and have signing authority, which allows you to handle all plan investment transactions directly via the LLC bank account of your choosing. 

Trying to find out if anyone knows of an inspection that needs to take place by the Housing Authority, in the city of Portsmouth Virginia even if you do not plan to rent to Section 8? 

On today’s show, we interview Chad Carson, author of the new BiggerPockets Publishing book Retire Early With Real Estate.Today Chad shares how he and his partner were able to accumulate 90 units and live purely off the money generated by their portfolio!

Also consider @Amanda Han, she is nationally known CPA, author and speaker, her articles here on BiggerPockets are valuable resources for thousands of investors.