If it is a market rate class A, B or even C properties, I would say that it (basic maintenance) is something the tenant should handle considering that for these properties the tenants likely have additional resources to handle small maintenance issues. 

When your self employed like we are I dont think a lot of folks realize how vulnerable our lives can be in a financial melt down like the GFC.

All these are great investing routes to take - if you were to go the traditional residential rental route, these often offer more stable cash flow, while Section 8 properties can provide guaranteed rent, though with some additional regulations.

Additional Details:The property is in a desirable area with good amenities nearby.STR data from AirDNA shows decent revenue potential, but the lack of comps makes me hesitant.I’m looking for a balanced approach that minimizes risk, even if STR performance doesn’t hit expectations.If anyone has experience investing in Cincinnati or navigating markets where STR data is sparse, I’d love to hear your thoughts.

We do currently have around $50k set aside for our next downpayment as well (that’s in addition to a $25k emergency fund).

Knocking off $4k for that additional bathroom let's say it's $170k ARV, looking at this for a flip and using the 75% formula and a $120k buy price that only leaves $7500 for a reno budget - I'm no expert but I'm pretty sure it'll take more than that! 

The Philadelphia market could be a decent option for you, as with your liquidity, you could potentially get into a couple of cheap rentals to start building equity and get a little bit of additional income.

I have talked to the buyer of the one quad that has been completed and he is happy and is doing additional builds with them, that is also where I got my rental comp.The builder wants/needs me to provide builder financing. 

You'll need good contact info for them to be able to collect, and ideally the new address for the tenant however which if you don't have can probably be found easily with some online sleuthing/ contacting their employer, skip tracing software, etc. 

If, after the first ten (10) days after you take possession of the Rental Unit, it becomes necessary for us to undergo including, without limitation, prevention and remediation in your Rental Unit and/or on the Premises, you will be held financially responsible for reasonable costs thereof, paid as Additional Rent.