Focus on finding a replacement with strong tenant screening processes and performance guarantees.

If the project is in Canada then I would look to an attorney that understands international law as it could be more complex.Personally for something along the lines of what you are doing I would look to partner with another developer vs trying to raise the capital as that will be less labor intensive.

. - Consistent Payments: The rent portion covered by the housing program is guaranteed and paid on time, reducing the risk of late payments.- Large Tenant Pool: Housing programs often have waiting lists, so demand is high.

Also, keeping an eye on zoning changes or upcoming developments can help you get ahead of the curve.Would love to hear more about your experiences too—what areas are you currently focusing on?

Hopefully it'll be lower, but that where's my urban developers in a few other markets are seeing their numbers come in.

I personally recommend checking Columbus OH - lots of job growth, population growth, and major companies moving and developing here.

I'm also in FL and am a RE investor (STR/MTR/LTR), developer, and just love RE and the freedom it brings.

As others have said, the best thing your son can do is run far from this deal, buckle down, save his pennies (he probably already is doing this), house-hack, and improve a property with sweat, hard work, developing a DIY skillset, and self-managing tenants. 

The programs themselves are not guarantee to the pathway of success. 

Getting Fair deals on labor and repairs comes from developing win/win relationships with contractors.