Most who opt for section 8 are purchasing in the lowest barrier neighborhoods where section 8 is the best of bad options.

I think I will look into the tax professional option and hopefully have one on my team year round for advice. 

What I don't like is seeing the removal of peoples options and freedoms to self select and engage in what they want to do. 

Keep providing value add options for your owners & they'll keep knocking.

Raleigh would’ve been a great option, but it’s not available for my relocation.

If you’re looking for ways to make the numbers work, sometimes that means evaluating different markets, financing options, or property management strategies that help mitigate risks like vacancies and maintenance surprises.You’re not alone in feeling like 2025 could go in multiple directions, but one thing remains true—real estate continues to be one of the strongest vehicles for long-term wealth when approached the right way.

Explore the possibility of doing liability insurance instead, if you don't have much equity it may be your best, and much cheaper option.  

My budget will be around $200k but I’m meeting with a lender on Tuesday to go over all of my options.

A knowledgeable attorney can advise here.Create a solid operating agreement: Since you own the condo with a friend, a clear operating agreement is essential to outline responsibilities, decision-making, and profit-sharing for the LLC.To save on costs:Look for real estate attorneys who specialize in investment properties and might offer package deals for the retitling, operating agreement, and filing the LLC.Shop around for title companies that can handle the transfer smoothly and provide competitive rates.Research DIY options for setting up the LLC if your situation is straightforward, though I’d still recommend a lawyer for the transfer process itself.Good luck with the process!

You could structure the deal as an installment sale or a lease option so the property owner doesn't see a large capital gain tax payment for the sale.And good on you for helping out!