Thanks @Alina Trigub.What you're doing sounds like a classic syndication, so you would need to comply with securities regulations.

Add in the updates that occur each week both to the platforms and local regulations, and I swear it's enough to justify losing your mind. 

I can see the lack of regulation that allows a jurisdiction to forbid ADUs on RE with a quad to duplex could easily be changed and that any RE zoned SFR to quad would be able to add an ADU unit.Good luck

residential housing historic rate of appreciation = 3 - 4% or same as inflation, (minus the bubbles) housing should follow an inflationary environment.

As a landlord, the immediate deal-breaker for me has always been the laundry-list of rules and regulations I'm required to abide by if I participate in the program; however, the agency is under absolutely no obligation to remedy debt or damage created by their voucher-holders.

That's something I'm not interested in when there are so many other opportunities out there.In this environment where every mom and pop investor has run up the prices of everything out there, if you are dead set on investing in RE, I would look toward syndications, especially if you are an accredited investor.

You'll need to review your state's rules and regulations regarding the situation and make sure you comply exactly regarding notices, etc.

All it takes is one change to regulations in your area and poof, you are done for.

Even more so now, in a cooling market when most of your investor competition gone fishin' and MIA thanks to current interest rate environment, and majority value-add multifamily's seeing higher DOMs and more leverage & negotiation power for your only (203k) buyer willing to step up to the plate :-)

A lot of Houston did not have zoning regulations.