Congrats and good luck.I'd recommend against a syndication on a deal this size because you can expect the costs to be $10K+, which means you are giving up a large % of your profit to legal fees.

There are also some unique medium term rental strategies that can be implemented in bigger cities throughout the country.

Here is my $.02:  I don't know where you are located or the size of the parcel of land, but this is what I would do:1. 

In between medium houses might not have a frig, nor washer and dryer. 

We aren’t completely certain on size/budget yet.

R5 is a little confusing to me - "intended for low-medium density single-family detached residential development at an urban density of 5 dwelling units per acre".

.🔍 How to Check Section 8 Payment Rates in San Antonio👉 Go to the San Antonio Housing Authority (SAHA) website – They publish a Payment Standard Chart with the maximum allowed rents by bedroom size.📌 Here’s the official link to check rates: SAHA Payment Standards (or search "San Antonio Housing Authority Payment Standards” on Google).🔑 How to Select the Best Section 8 TenantsEven though you can’t discriminate based on Section 8 status, you CAN still screen tenants carefully:✅ Check rental history – Look for evictions, past landlord references, and late payments.✅ Look at their portion of rent – If a tenant pays only $50/month, they may have less financial responsibility than someone paying $500.✅ Require a security deposit – Helps protect against damage.✅ Meet the tenant in person – See how they present themselves.🚀 Final ThoughtsRenting to Section 8 tenants in San Antonio can be a great strategy if you screen properly and understand the rules.

You don’t need a separate LLC for each property, but whether you should depends on your risk tolerance, portfolio size, and management preferences.

Sales comps of properties within about a mile radius, that are the same size.

Quote from @Luke Pearson: About a half acre in lot size.