Rentals Specifically for Felons
I am a REI newbie and have grand ideas for my future empire (I know I am years away from something substantial) But I am interested in a FUTURE side project that probably has a lot of problems. A family member of mine is a convicted felon (served her time and is clean) and has a really hard time finding somewhere to live. She is considering trying to start a property management company that allows felons to rent if they can show they have been clean for a year/other requirements.
Eventually I think I would like to be able to help and own some properties her company could manage. I realize business with family members can be...rough... Would setting up a non profit be a direction to go? Does anyone know of any government grants that could help with this? Is this a crazy idea all together?
Thank you in advance for your thoughts!