Currently, one option I am looking at is asking a friend, who is a builder, to build a multi-family house (3-4 units inside) in my home state (ME) where health care professionals, retirees, and college students are for rental.  

Many people do not have enough reserves--both for their rental property business or even for their own personal financial health--and it would be fantastic to see us as a population be better with our money.For personal expenses, I ideally like to have 6 months of all my expenses (mortgage, utilities, food, misc, every single monthly bill, even the ones I don't *need* to be conservative).

I've been in that dilemma a lot myself.

The land is in a good school district as well.My grandfather passed years ago and my grandmother is in poor health.

I think Account Closed can provide a better answer because he's helped lots of homeowners in pre-foreclosure and offers them at least 7 different solutions to their dilemma so he's dealt with this situation many times in the past.

I would transition later on as we replace more income as I am the primary earner and provide our health insurance.Thank you in advance,Tyler and Katie HermanP.S. 

They say the tongue has creative or destructive power/power of life or death...Speak life, health and prosperity!

I ran into the same dilemma with pet deposit/fee when a tenant renewed the lease. 

This back and forth dilemma killed every deal.

Here's my dilemma now. looking at most of the properties offered and doing a little check using Zillow or redfin, values of the homes seems to be way higher from what it was originally bought for.