These can include grants, FHA financing, special program conventional loans, etc.

Granted, you'll get some economies of scale for 16 units, but not 66% off.How sure are you of these numbers? 

You need to talk with your attorney to figure out if you can subdivide the property, and grant ownership of each piece of land to the owner of the unit that sits on the lot. 

I have several investors who are interested in my business and I have cash on hand Incase I need to put a down payment for lease option or even a down payment for purchase granted it’s the right price.  

Being that this was my first venture into the multifamily world I started reading posts on BP, listening to podcasts like Jake and Gino and Michael Blank and Grant Cardone.

Thanks,Grant 

My cost of living is exceptionally low at this point; my tuition is covered by grants and I'd like to think myself as fairly fiscally prudent.Since I do not have much time to 'manage' properties, is there anything in between managing your own property and putting your money into stock/bonds which might earn 5-15%?

This was granted by the bankruptcy judge because they had bankruptcy exemptions that were greater than the equity of the home at the time. 

Granted I'm not a Realtor, but I've never had one call me back and say "man, Chris, that was the stupidest idea ever!

The trip cost is then slowly deducted over many years.Unless you listen to the likes of Grant Cardone who would make you believe you can deduct whatever you want.