I am not sure there would be enough margin in this to support your goal.We know people are not lining up to accept section 8 so you could build housing targeting that group in some locations. 

As large investors entered the market to acquire single family houses, our margins were squeezed and we ultimately could not maintain our target investor returns as the market totally changed.

Sold for a hefty margin two years later.If I had to sum it up - northern Austin for infrastructure and growth; southeast Austin for visionary plays.

If all else were the same (initial principal, interest rate, payments) the difference would be marginal ... and, in Canada, would favour the mortgage note.

The marginal returns drove me to seek other strategies.So, this is not a "bad" deal if you consider it more of a learning experience than one that will make you a lot of money. 

I do agree with you, when your margin of error is higher you don't have to be as precise which ultimately leads to waste in profits and prolongs your abilities to reach your goal if you are not disciplined.

Ensure the deal has a solid profit margin by subtracting the purchase price, repair costs, holding costs, and your target profit from the ARV.

I only bought sub to if there was enough equity day one to either flip with no work or there was margin to do a rehab and then sell..

E.g. if you use margin or options, bridge loans with 1yr balloon payments, etc.... this can be very risky.One of the biggest value-ads for Tardus is it teaches you a system on how to analyze investment opportunities and use short-term leverage in a risk mitigated and consistent matter. 

The cost to do this just comes out of the total profit margin.