:)  We love defaulted note investing - you own nothing but are in control and can exit through the property or the borrower. if you do take a property back you can sell it outright, seller finance it, rent it or BRRR it.

The screening process is crucial because tenant quality can vary widely, even under the Section 8 program.

Self-funding gives you full control, no debt, and better cash flow, but it ties up a lot of your cash.

This criteria is for 1-4 and 5-8 unit programs.

There is no rent control on land leases.  

Don't let it control you and I am glad you asked.You really don't want to rely on appreciation to make up for the poor performance as a STR.This is too much of a risk IMHO.

I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.

Educate yourself on the differences between checkbook control and custodial control.   

You mentioned that you're not interested in grants or fundraising, I'm curious what type of operating budget and actual program you have in mind.

The property either has to go through the tax sale process, receivership, or some other program (donation, etc.) to have the liens abated.