Half a year would be the entire federal budget.

Section 8 gets about 10-15% more than market due to funding guaranteed by Federal government. 2.

Also that requires SEC filing and compliance and the cost capital is accruing while you search for properties to buy.Make sure to discuss this with your account and attorney including an SEC attorney to ensure you're in compliance with state and federal laws.

Federal National Mortgage Association (FNMA)19.

We took advantage of many public / private programs, including vertical housing tax credits, federal grants through the Urban Renewal Agency, and energy credits all totaling over $250K in benefit.

@Jake BeldenFor federal purposes, LLC’s actually have several ways to go.

Department of Housing and Urban Development (HUD), "many public housing authorities are experiencing a shortfall in federal funding which is expected to continue through CY 2021." 

What is your knowledge of land lord tenant law to handle legal matters like forming and maintaining an LLC (if you choose that route), evicting a tenant, following Federal Fair Housing Laws and the Americans with Disabilities Act? 

Having spent the last 6 years in Accademia and working with the federal and state government in the environmental sector I am quite practiced at being patient as the goings-on in science and government are notoriously slow. 

You will automatically be treated as a partnership for federal tax purposes.