I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!

I've seen new build developments where 10+ units are for rent all at similar prices and sit for months.

This is someone who is trying to take advantage of foreign investors who want to own property in the United States.

She owns a property management company and brokerage, Thirdstone Properties, right in Jax and manages hundreds of units in the area.

Rent out one unit and live in the other.

in addition on the west coast we just don't really have zombie or boarded up houses.. at least not like other areas of the country we have a shortage of actual housing units.

They typically apply to 1-2-4 unit properties and need at least one year of occupancy.

Hi @Douglas Alexander, I've used the VA loan many times, but never for MFR.You can't use it for more than a 4-unit building, so 1-4 is OK, 5 or more... nope.Great plan though to house-hack it.Let me know how your research turns out ref. building from scratch.Could be an interesting idea... build like a 3/2 for your family and 3 more smaller units.Then when you move out, you can rent the 3/2 for more obviously and could earn some good cash flow.

We toured his units and he was horrible to his tenants.

You’ll be living in one unit and renting out the others— but with a bigger payday!