Based on your numbers, this seems to be a Section 8 duplex, is that correct?

. - of course, your conclusion is correct.

@Abigail King I mean, I wouldn't classify it as "creative financing" as much but my favorite strategy has been the BRRRR Method for many years.  

Make sure you are handling the security deposits correctly.

I've done extensive research into the options and a lot of the paid options seem to focus on teaching specific investment methods.

What tools or processes have you implemented to estimate rehab costs more accurately and avoid scope creep in BRRRR projects?

However as you correctly point out this is far more risky and or its risk capital compared to buying a income property.. but the reward can be strati-spherically higher .. not just a little bit but it can be life changing profits on some of these deals.

Red River Gorge...New Mexico, correct?

Some investors rely on the BRRRR method to keep their capital working, but in a high-rate market, a short-term strategy like flipping a property could also provide a quick cash injection to maintain growth.

A landlord is responsible for ensuring there are no places that are letting the rodents in and for correcting any places they are getting in.