You need to check for setbacks, frontage, lot size, elevations, and flood zones.

And since you are looking to build legacy, typically that comes from building a buy and hold portfolio.I don't mean to assume that find land, getting it entitled as needed, and then building a property of any size is "easy", but with the added work often comes the potential for better returns, both in cash flow and value.  

Have you considered only taking a portion of your 401k out?

Since Section 8 has a particular amount they allow for size of unit you should check that the amount for your unit size.

So if I were in your shoes I would want to be really confident in the exit strategy. 1) confirm rent estimates 2) confirm ARV and the demand in that area to buy a house like that in the price range 3) are there banks willing to refinance at the LTV you want with the seasoning period you have. 40k for a house of that size that needs that work would be the cost of materials alone where we live in WI, so verify your estimates.

Globally, not just domestically, it's how some folks are looking at investing with size(institutionally).

@Alex Ng S8 cures the rent collection problem of dealing with Class C & D tenants, but not ALL problems.Many S8 tenants still have to pay a portion of their rent + utilities - yet don't.Damages: most people now know how to use Zoom.

Purchase price: $400,000 Cash invested: $57,000 Type: Single Family ResidenceParking: Garage - AttachedStories: 2Bath: 3 Full BathsBuilding Size: 2,686 Sqft.Lot Size: 50,791 Sqft.Year Built: 2005

The difference in this portion of the execution can be $30k-$60k/yr more money in your pocket vs. that of our competition all other factors equal (such as the property size/location).Next, to drive costs down, I co-host (only for clients) at 15% which is 5-15% less than the large PM firms.

I cannot see how build two, say, 1200 sq ft houses with two roofs, two foundations, presumable about 25-30% more windows and siding is going to be cheaper a duplex that might have a little extra fireblocking and soundproofing.Now, maybe your GC is thinking that detached homes tend to get higher rent than comparably sized and finished duplexes.