Before doing anything get tax and legal guidance

Hey Casi hope your doing well.

If you don't want to do syndications because they use a mortgage, with your money serving as the downpayment, many other options might not work as well.

We don't want to do anything that will crack with settling, like ceramic tile.

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!

.$100k for a 2/2 is high for the City of Detroit, unless at least Class B.So, you should take time to understand the NEIGHBORHOODS in the City of Detroit.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseContact us with any other questions:)

I am also a real estate professional and I use DIY cost seg to do algorithm based cost seg studies.

Find the ones that can do it, and it also helps if you have separate contracts for the lease and the option. 

And of course, you don't pay interest on the money until you use it, so you do end up saving a lot of interest that way.

Further, the court is empowered to do just about anything it wants or perceives as “fair”.