Thoughts on buying cheap fixer upper

[Heather Mills]

I'm thinking of buying a cheap house that needs alot of tlc, nothing specific in my mind yet, and throwing in time and money to fix up and rent. I'm thinking if I screen tenants and accept section 8 then I should potentially get my money back in a few years and be able to start again without having to take out any mortgages. My husband and I have done alot of remodeling ourselves in our own house. So most of the work we could do, except structural or major electrical work. I was just looking for any insight on whether this seems like a good idea or what suggestions you may have. Thanks