I spoke to her and they were going to do a light remodel (barely lipstick on a pig) and start renting the place. 

Being a broker in Western Washington and an investor in Tacoma, I completely understand the challenge of getting started in this market.

There's plenty of information on how to find a good market with a quality property manager.

@John BarryFirst and foremost, Section 8 is a protected class in Massachusetts, so you can not discriminate against any tenant that has it.As for the steps.1. list and show the unit as usual.2. validate all tenants the same way.3. if you go with a section 8 tenant, then they will have paperwork for you to complete/submit.4. section 8 will send out an inspector to check the unit, all common areas, the exterior and the basement (does not matter if they have access to it or not).5.

He will be selling the project to buyers once completed and not interested in operating.How should I evaluate this deal from an investment point?

The plan was to have the properties completed in 6 months make some money and be on our way to real estate riches.Turns out a lot of the framing was rotten and we had to completely reframe the back of one of the houses.

I thought I was a big fish in a little pond back home.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Cleveland.

@Geoff Engel If you don't want to be a landlord but still want to be involved with investing you could be a private money lender for flips or in partnerships and bring the money to the deal.

I am planning on selling my Condo in Tulum, and looking to buy a fixer upper in westchester.