Consider your personal goals, risk tolerance, and time commitment when choosing a passive income stream, and remember to educate yourself, diversify your portfolio, build a strong team, and be patient.As I experienced, and while risky, building up passive income streams can be exceptionally rewarding in the long run allowing you to enhance your lifestyle and provide you with financial freedom and flexibility.

Hiring a property manager when living out of state ensures local expertise in tenant management, property maintenance, and legal compliance.

This could help secure funding and expertise in building and managing affordable housing.4.Explore alternative construction methods: As you mentioned, modular homes could be a cost-effective option for building additional units on the property.

No as they all require different licenses and very different areas of expertise.

With your experience at Cushman & Wakefield, you'll find the commercial real estate expertise within this community particularly valuable.

Section 8 can be a heavy hitter because there are so many guidelines that need to be followed yet and still it can also be rewarding so long as you treat your tenant the same way you would a regular LTR tenant, with screening, etc. 

Just looking for someone’s expertise if this would be better to rent long term, as this area seems to attract young families or would we be able to rent more mid-term.

On the other hand, hiring a GC provides a one-stop shop with streamlined communication, experience, and expertise.

Before taking the leap, thoroughly research Section 8 in Detroit, talk to experienced professionals, and carefully analyze the numbers, factoring in possible risks and rewards.

Of course they charge for their services and expertise so that should be factored in to your decision.I wish there was a magic solution but I think you’re on the right track, best of luck!