If I do the deal, one escape route I'm strongly considering is splitting the land into two lots, allowing me to sell off each home individually.1. 

Of course this meeting is also a qualification period where we make sure that the individual actually has money to invest, is motivated to buy, and is crystal clear on our process. 

I would also recommend finding a manager that is comfortable working with the local housing authority and understands all of the rules and regulations.  

Hello, My name is Arash Zandi, born in Iran and raised in Wales, UK.Upon readying books by authors such as Robert Kiyosaki, Gary Keller and Toni Robbins I decided to picked up Real Estate and buy my financial freedom.

First it puts you as a somewhat authority figure and second, they call you rather than you call them.

In Texas, you can can't terminate the buyer rep. agreement unilaterally unless the contract specifically authorizes you to do so, which is why you should read the buyer rep. agreement you're signing VERY carefully as you will likely find you're more obligated to the broker than you think.  

Housing Authority.

Hi Andrew, I think debt tolerance depends largely on the individual: I am still building a portfolio, so I have a higher debt tolerance than someone who is ready to stop building and concentrate instead on cash flow. 

However, I would recommend teaming up with people who do have experience so you can say you are working with experienced individuals.

Local housing authorities generally will not allow rents over this cap.