Not sure where your building but I wouldn't accept anything less than 1.25% monthly rent/value..With the cost to build where it is, it appears that building single family for end users is the way to go..

@Ajeenah WilkinsHi I would honestly save up aggressively while learning for few months to year and take advantage of FHA or 203k or other low down payment options programs and house hack (allow offset mortgage), while buying a house that will allow you to have quick equity (Look up BRRRR) if done correctly.

@Jonathan Ghione yes there’s an up sell to a $50,000 mentor ship program

AlohaWe recently rent to a homeless disabled Vet  through the new  VA Section 8 program and have a good tenant.

This particular property is on an auction website, and it appears that the only way I can get inside the property is with the representation of a licensed agent.

I ask about these areas as they appear to be in the path of new development

This appears to have gone through auction proceedings (I don't have all of the details, but @Janet Chou may be able to fill in some of the gaps) and didn't get bought at that time.

@Jared BraunNever worked with him but it appears he knows a lot about syndication.

Its inexpensive and the online program has a lot of features and benefits. www dot rentecdirect dot com

The family does not appear to be involved at all, as I've tried reaching out to several relatives with no response.