The day after you close, it will appraise for the sales price. 

Would be curios if folks have also just included the cost of utilities at this price and left it unpermitted.

Focus on long-term rentals in affordable markets with reliable cash flow, and steer clear of high-cost flips, lower-class properties, or overleveraging in areas that rely solely on appreciation.Good luck!

Some general pros v cons - I'm sure other people will provide other insights as wellPros: -Above market rents- Monthly rent payment on time that you don't have to worry about or chase anyone down for (if full pay)- No shortage of tenants depending on your standards - Tenants are incentivized to not trash/destroy the unit, otherwise they'll lose their voucher (Yearly inspections made by local S8 inspectors to keep everyone honest- Rental payouts are normally adjusted 1-2 times a year to keep up with market rentsCons:- May take a little while to get onboarded - dealing with local govt can always take longer than expected   - Generally won't have a super high credit score (to be expected given it's the govt paying for rent)- Each unit will need to be inspected and meet a certain living standard in order to be approved for fundingYou'll want to make sure you work with a property manager who has extensive experience in working with S8. 

Crestwood North and Crestwood South: These neighborhoods are gaining popularity among buyers priced out of nearby areas like Forest Park and Avondale.

If it's a fixer upper you would account for the rehab and purchase price then compare against the ARV.

They seem high.

Including its rent prices, or possibly for STR?

Is this normal cost or high?

To answer your question I would highly recommend shopping around on the BP online bookstore and finding a couple of books that stand out to you.