So valuable.Still a few terms in this response I'll need to research to understand them in a more "5th grader" mindset I'm in (vs the legal pro you are!). 

They will be able to guide you in the right direction and tell you if your project is feasible or not.From there, we hire outside consultants to take the plan through the approval process.

If your property qualifies for a higher amount, the housing authority will let you know what they can approve.

If you have the POF to close on it all cash, you should be able to finance it with a hard money loan and give confidence to the seller that if the loan does not get approved you can still buy it with your own funds. 

Having all your financials, documentation, and pre-approvals in place allows you to act quickly when an opportunity arises.

This is not legal advice, please consult a lawyer.

You must pay legal fees, closing costs, commission, and hefty capital gains taxes.

if they are CA based there are a few ways to legally lend hard money.. 

Additionally, it gives you the flexibility to sell or lease the properties individually in the future.One potential downside is the costs associated with subdividing or creating separate LLCs, including legal fees, taxes, and administrative expenses.

The investigation is just about done and the findings will be forwarded to our Legal Section in Sacramento for further handling.