I'm not sure if the program is still going on, but has definitely revitalized a lot of the area when it was once destined to follow the way of other older cities that are aging out of existence both in terms of people and property. 

There is a local loan program, I believe it is called the MCT loan. 

I enjoy teaching BP members how to use the system to save more money by using programs and taking advantage of loopholes.

It could be helpful to you (lenders will want to see lease agreements) and it is good for the family member (they actually could do a program where them paying rent increases credit). 

Most institutional DSCR lenders prefer one lease per property/unit, however, I've seen programs allowing rent by room strategies.

There are auctions, city grants, and financing programs designed to help people revitalize neighborhoods.

Investor pays $2K program fee and 25% of the note acquisition price (they finance the remaining 75% via a participation agreement - at 12%).

It is extremely hard to find programs for 0 experience simply on the 1-4 unit side of ground up construction. 

Account Closed Hi Rhonda, If honest I spent about $8,000, some say its a lot, (my parents did) some say its small when compared to many programs out there, either way I took a leap of faith and saw the potential it had for my future.  

I use to rent to Section 8 in Philly but the program started to be too much of a headache.