Investing in Bham Sec8 properties requires somebody with street by street knowledge.  

Above are just hypotheticals, but they bring to light the point, which is, evaluating opportunities requires apples to apples comparisons. 

There's very little at that price point, not in downtown, not requiring a bunch of rehab, and within 25 miles, except for this: https://www.realtor.com/realestateandhomes-detail/1731-Hale-...?

One of my buy box requirements is the house needs to cashflow at least $500 per month or I am not buying it. 

One of my wholesale lenders used to be willing to finance these, I can't remember the CLTV requirement of the top.

Given you and your investor both have experience in different areas, I’d say keep a flexible approach and compare city requirements before putting too much money down.

So this requires some upfront planning. 

FHA loans require living in the home as your primary residence for 1 year after purchase.

No personal income or tax returns are required.

We always do all health and safety-related items, plus items required to attract our tenant pool.