You also have to think about outfitting common spaces, how your going to do that, and how your going to do it in a way that keeps the "village" happy and nice with everyone.

New to this, so please be nice :)1.

Instead of a traditional down payment, I would give them some money (maybe just to bring the loan back to even).The upside if taken over the loan at the current balance, with some rehab and hopefully getting the front lot back would be a nice ROI. 

Depending on your down payment (which it seems like you have a good amount of liquid for that) they can nicely cash flow.Ultimately, success in real estate investing comes down to choosing a growing market, investing in a good neighborhood, and building a strong team to support you.

Section 8, nice housing!

So not really a one sized fits all approach which is the nice thing about real estate being able to cater it to yourself and your goals. 

I've seen small multi-families (2-4 units) appreciate very nicely in the Lewiston/Auburn area.

However, you must have reasonable limits and hold to them.I give a great example in my book where a tenant abandoned a 2,000-square-foot home full of nice furniture, expensive jewelry, a brand-new $2,000 rifle still in the box, etc.

My home in Boise will be on the market in coming days and I'll have nice capital gains thankfully, and my home is not in an LLC. 

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.