@Mario AmI don't have experience with Memphis Section 8, but Baltimore Section 8 is excellent if you can get through the inspection.

Am I just missing something?

Am I the only one who refresh Zillow every 10mins ! 

When you say the DPA grants are harder and rarer to find, why is that and where am I able to find something like that and how does it work?

What am I listening to?

Am I correct?

Am I thinking about this correctly?

Am I missing something here?

I have no doubt I can get there in time but how much money am I willing to lose in that time? 

The amount of rent is based on the AMI which can be found here in this handy chart:https://www.sandiegocounty.gov/sdhcd/rental-assistance/income-limits-ami/so the calculation looks like this:For a 1BR unit (2 person household) at the very low income level you could charge a max of 1/12 of 30% of $48,500 or $1,212.5 per month.Also, in the agreement that I've seen (which was for a different City in CA) there were some restrictions against students.