Any property that is habitable can pass a SEC8 inspection. 

As the property owner you should be able to decide whether or not you want to take on a Section 8 tenant.Typically, the property must be able to pass a "check list" of items in order to be approved and considered as a "section 8 property". 

.- List your requirements (short and sweet, pass a background check) and  phone interview: 2.- Show the house.  

If you buy a meth lab you won't be able to legally rent it out unless it can actually pass a clean health inspection.

You have to know how to lay concrete to pass a real estate exam? 

It also doesn't report to Fannie or Freddie so it won't effect DTI.Secondly, sorry just thought of this, but we usually have more meat on the bone and if someone wants to close distressed properties that won't pass a traditional mortgage inspection.

You cannot go and pay a few hundred and pass a class to get it.Now if you wish to get into foreclosures, there is the SFR (short sale and foreclosure resource) designation which you could get for around $300.In all, I think it depends on where you would like to go, and what your clients or other agents perceive what those credentials mean.

You may be able to build with residential loans and numbers on each building (or at least the first, two quads on one lot may not pass as residential) and then get a value on both using NOI numbers being technically 8 units.

@Joshua D.I have no rental properties but have seen countless posts here of people who pass as many utility costs as they can to their tenants.

I don't know enough on how and what it would take to flip, or rent out a property but I plan to keep hopefully get some properties to flip and rent out.Any advise you would pass a long would be very welcomed.