Over time, as rents increase and mortgage balances decrease, your cash flow improves.Secondly, property appreciation plays a big role in wealth accumulation.

So here’s the bottom line.For debt personally guaranteed, anything over 60-65% leverage does put your other assets and personal guarantee into play.  

Am I able to raise the new lease by 262 and put the unit at the FMRAlso, can I find out a head of time if the housing authority will pay it ? 

I don't know your experience level but if you don't have time you could play the numbers game and carpet bomb the whole neighborhood.

Does not work as ideal brrrr even if numbers play out for traditional ideal BRRRR as there is no way to extract all cash invested.  

Play the long game and build relationships with people without asking for their business.

That is how you’re going to build long-term wealth and no matter what is going on in the world, you should play the game of real estate. 

You can try to talk to the seller about private financing and see if they are willing to play ball. 

I agree with the excellent summary of @Stuart Udis   At this moment, and note that things change FAST these days in RE, there seem to be great ROI plays to be had.

An attorney can give his opinion as to what the odds are of the different ways a legal dispute can play out, but it’s the investors decision based on a cost/benefit/ risk analysis to decide how and of to proceed.There’s no way for anyone to render an opinion about what you “should” have done without (1) complete information as to the property being purchased and (2) complete information as to the risk tolerance and financial makeup of your investment group.Here’s my advice - don’t second guess yourself based on opinions of people who (1) don’t possess “all the facts” and (2) probably never acted as sponsors of a syndicated investment.