Location is crucial for short term rentals and it is better to fit the majority needs than to be a specific kind of rental.

Her soon to be ex husband was the only reason they could afford the house in the first place and he isn't paying for anything anymore, so I'm trying to help her figure out a way to keep paying her mortgage, or at least reduce her payment to an amount she can afford.Do any of you know of a way to get him on some kind of rental assistance program in the Indianapolis Indiana area?

Have you built this kind of building before? 

Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Be honest, be kind, and be understanding.

Bring a check, sign the closing docs, get the keys.Am I missing something?

Access to water, electricity, etc is kind of non negotiable if you want access to most lenders. 

Quote from @Edward Barrett: New investor here trying to stay in my local market (Dayton, OH).Since I've started looking for my first deal I've come across a few section 8 properties that seem to pencil, but I'm a bit loath to jump into that kind of deal.

Get a feel from them to find out what kind of fee they could get you.Are there any event planners in Amarillo? 

Is this section 8-(or some kind of fixed income program) these units seem very low priced?