I am new to RE investing, and hoping to tap the collective power of this awesome group in starting my RE journey. 

I’m in the process of searching for land in the Houston area to then build a 4-plex on it.The plan is to self-fund the purchase & construction, rent the units and cash out with a mortage.I like the idea of serving lower income families and therefore don’t shy away from section 8.This is the first time I do something like this, so I’m throwing it out there in hopes of hearing your thoughts and learning from your experience!

Anyone have tips for finding them and how to structure the deal to become lucrative for them as well?

Add two months to your projections of how long it will take.

You have to explain it to the listing agent who doesn't get it, who then sends that to the seller, by telling them it's not that you have no money, but this is a right afforded to you based on your service to the country and you can also show proof of funds that you have money, but are choosing not to use it as a downpayment because you want to do reno with it.I would use your VA, that's what it's there for.

I plan to put down $100,000, leaving a seller-held mortgage of $150,000 at an 8% interest rate with a 3-5 year balloon payment. 

Once complete, I expect this 4 family to gross $7K monthly, with a net cash flow of $3K and have $250K in equity built in.

Lastly, would it be better to introduce myself to the tenant as the owner, or as the new property manager?

It stands out as a small metropolis with an affordable housing market, good job opportunities, and easy access to nature.With a median home price of about $259,817, Huntsville ranked 26th lowest in our analysis.

Stripped to the studs, new electrical, new plumbing, restored original wood floors, and brought a 1946 gem back to its original form!