I am a new real-estate investor looking at flipping properties in a higher end neighborhood.

You can quickly see why looking at this graph - https://www.visualcapitalist.com/buying-vs-renting-house-in-...You can see how in 2015 the average mortgage was cheaper than the average rent, so it was easier to make the math work with light value add and just buying single family homes.

You do not need a PM that "specializes" in Section 8. 

Quote from @Kornelius Friske: We have a STR located in peoria AZ. it's 6 beds (garage conversion) and about 3900 sq ft in total. our energy bill last month was $450 and has been hovering in the $350-$450 range since we went live in august.

I’m planning to start by buying in Buffalo to gain experience and learn the ropes.

Hey Derrick, I have a lot of experience in Detroit.

However, they go to far in being different.Your house looks great!

Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck! 

Plan is to hold as long as my IRR is higher than 10% What made you interested in investing in this type of deal?

You can do a lot off of spreadsheets in the beginning, but eventually you need automation.