I am not sure why rebuilding as a single family if destroyed makes a difference since my mortgage broker confirmed I would qualify for the property without factoring in the rental income (i.e. if this was a single family at the same purchase price I would still be able to afford the property).

I had convinced myself last week to put it on MLS and sell but someone close to me said there's nothing else to buy right now and I'm better off just playing the long game until I can afford to build on the lot. 

And if needed, you do not have the ability to buy the others out or to afford to go to court.Recommend staying far away from this. 

We'd each contribute equal capital into the partnership, but our competitive advantage is that he'll live near our properties, is an extremely skilled contractor, and can thus manage and repair/improve our properties more affordably.

A new bill introduced by DC At-Large Councilmember Robert White would allow D.C. to pay landlords to turn existing units into dedicatedaffordable housing: https://ggwash.org/view/81507/....

They want to do their first deal out of state where things are more affordable.

Can you afford to rent it out at a loss?

Looks like the wealthier people who could afford the house dont want to be living in a house that overlooks the freeway... 

If a large percentage of the population is struggling financially do they have trouble affording rent and avoid it?

@Bryan Milian1- One month of market research on major metro areas2- Two weeks of talking to leading agents in your top 3 markets3- Four weeks of learning the markets4- Offer, offer, offer- stick to fundamentals...long-term buy-and hold small MF (your available cash will be the number one factor in determining what you can afford and what locations you will end up buying in...you'll be comparing apples to apples in your top 3 markets...as long as you have a top agent, you'll be golden)Best of luck