. $250K a unit is also somewhat realistic in those submarkets, though not impossible.Your best bet is a value-add strategy on something that has significant upside with a high growth submarket.

and think about the advantage you would have over the other Allan Kapoors wanting to do everything from Internet if you're building relationships and developing expertise in person.and no, those numbers don't seem safe / conservative enough. 

As Brie mentioned, you can not deny tenants because of their vouchers.There are other subsidies that you could look into besides CHA.I bet @Mark Ainley or @Jared Kott could provide some better context than me around the subject.

My wife will materially participate in the business and I'll provide the financial backing.I've talked to a couple local CPAs and done a fair bit of internet searching on legal entity setup for my situation, but haven't been able to get a straight answer.

Hey @Donald Tsung - your best bet may be to chat with a couple of active brokers in the area that you're scoping out. 

You will need to search the internet.

Your best bet is to find someone doing the work in your area and picking his/her brain. 

One is Madison and they charge $20 a month with Internet access and the other is Allied Servicing which charges $18.50 a month with no internet servicing.

I'll bet you a dollar he doesn't have a license.

Second, I pay for all utilities (Electric, Gas, Water, Yard Maintenance, Internet, etc.) and have it included in the rent price.