I am a physician in NYC, a friend asked me to help a single mother with two teenage children who ended up on the streets after being evicted in Houston.

I'm glad you found my story inspiring. 

Have you spoken with your children about this plan?

. - We have 2 children (ages 9 and 11).

They proposed higher than market rent, but want to keep 2 people from thee organization volunteers in one room in future.We checked the website of the non-profit organization, their program include several categories, including helping international children to school, housing for the homeless, etc.

Know that children are rough on properties versus older adults with no kids.  

I have a husband and two small children.

We were planning $600/mo mortgage payment, $100/mo insurance & $100/mo taxes - balloon payment in 5 yrs.We are providing $5k to pay back taxes ($4k), back hoa ($125), pump septic & grease trap clean out ($225), survey ($600)  & our children are paying closing costs ($1500).Deal stalled as owner backed out on seller finance.Suggestions?

Anyhoo, my long term goal is to build a rental “empire” to pass down to my children and so on. 

If you're someone looking to do your first househack, I hope this inspires you to make it happen.