On the flip side, if you've got a bunch of Section 8 tenants living in a building that's in a neighborhood where a lot of the tenant base has good jobs, high credit scores, and are generally reliable people, you've got the most risky tenants in that tenant base and that ain't what ya want.

Search the BP for ADU appraisals to encounter numerous examples.

It would be pretty hard to buy $500+ per month cash flow unless you were buying in some rough neighborhoods. 

Just do a Google search for his name and "1031 into a syndication".

Property is in class A neighborhood.

Best of luck with your search!

The unit is located in South Jersey, 15 min outside of Philadelphia in a nice, vibrant neighborhood, close to amenities and public transportation.

If people took the five minutes to complete it they would not need to be asking and searching the internet for their answers. 

No purchasing a property without getting equity, no borrowing to do the EMD, no foreclosure schemes, always full disclosures, only in decent neighborhoods and always recording the deeds.

In older neighborhoods where yards need some help.