For starters, I recommend that you identify your investment strategy, choose a market that aligns with it, and establish your Core 4.The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with their chosen strategy.

Chattel lending on individual used homes just does not really exist right now.

I've had this same situation several times.I've always started with a letter upon closing sent to the tenants introducing myself and explaining (without listing any individual names or specifics) that rents were very low and given expenses,   deferred maintenance,  etc.   

The pitfalls I understand and can be Upfront about but the pros to it are undeniably great depending on the individuals goals.

Keep in mind Steve on a straight sub to .. title has transferred there is no security instrument in favor of the original seller that allows them to foreclose.. there can be an agreement to deed it back etc.. but Bent individuals dont also do what they agree to do.

“If an individual is part of a high-deductible health care plan, making a contribution into their health savings account would also reduce taxable income.”Donation to a Qualified Charitable OrganizationCharitably inclined individuals might consider donating cash or appreciated property to a qualified charitable organization, potentially providing a tax deduction to help offset that tax year’s taxable income.

Think $1,200+ monthly rents in a 250 sf space:)How's this project going and are you raising funding via individual investors? 

I'm somewhat knowledgeable on the subject but looking for like minded individuals to share ideas and possibly partner with. 

Are new communities being built, sure, is it a good investment for a individual to attempt to build a new community...absolutely not.Numbers do not lie.

I believe you would likely attract more blue-collar low-wage/low-education individuals.