Go to meetups in your area to meet other investors who invest in Section 8 rentals to see if that's the type of property and management style you want.

What is your management style - hire PM or manage yourself? 

A minor kitchen remodel includes replacing cabinet door fronts with shaker-style wood panels and drawer fronts and adding new hardware.

Quote from @Henry T.: Isn't Florida notorious for sinking houses?

Another thought is converting my Cape style home to a multi family.

Olu - Assuming the geography and style/type of building fits your criteria (others have made comments that you should consider) the other part of this discussion on whether this is a "good deal" is the ability to increase the NOI of the property over time.

Lol, 'the 70s were a weird decade fo builders and the lack of any particualr style is a setback as well.

One option is to fix it up & then borrow on the equity sort of BRRR style.

@Basit Siddiqi no one in their right mind should come to you for RE advice since you don t know what you don t know about RE within a Solo401k or IRA.All the obstacles you mentioned are easy to overcome with the help of a CPA who is unbiased and knows what they are doing.It’s easy to value RE for RMDs if needed.

I usually schedule an open-house style showing on a weekend, collect applications from interested parties that day so basically at the same time, and pick the most qualified applicant (the first one to apply who meets the criteria clearly listed in my ad, whose employment and references check out).