My household brings in $6,900 a month  (83k a year) we are buying a house at 395k 6.625 interest rate.

I see it all the time on previously filed returns that my clients bring in and then need to be amended. 

I'm giving them a written 60 days' notice to bring it current and if it isn't by that time, I'll give them the required 60 days' notice of lease termination. 

If someone is bringing a deal and you're determing if the numbers might make sense, I use a Dollar/SQFT estimate based on amount of rehab needed

Just like a buyers brokers agreement you agree up front if you want to work with that broker you agree and go forward if not you don't start.. but bringing it into the deal mid stream don't personally care for that.

Excited to see what you’ll bring to the community!

Hey @Drew Sygit, thanks for bringing up such a solid point.

What you may want to consider is bringing in an equity partner to fund a portion of the deal and have you manage it and find a way to allocate the profits to each party. 

They also cap on rent rates based on the number of bedrooms for the tenants voucher so some of my rentals (depending on the location) will bring more rent than what Section 8 will pay .

Buildium is a nice middle ground and can bring a lot of organization if you don't have a robust bookkeeping system.