Boyfriend soon appears and starts living there.

**Understand Section 8** - **Housing Choice Voucher Program**: Section 8, or the Housing Choice Voucher Program, helps low-income families afford housing by subsidizing rent.

I would contact the housing authority who manages the S8 program in your area to get an accurate ideal of how they determine what they'll pay on the tenant's behalf.

Just off the 17 and 101: https://www.zillow.com/homes/3018-W-Sands-Dr-Phoenix,-AZ-850...It appears on Zillow, but only because the property manager has it on the MLS.

@Shawn O.they appear to be a build to rent type investment.

Their losses appear limited to the moving expenses.

There are many groups out there selling coaching programs/mentorship.

I just checked, and while it does not appear that there are any upcoming events in central Illinois hosted by BP Members (https://www.biggerpockets.com/forums/521-real-estate-events-...), it does look like there are some big ones in other parts of the state. 

Personal loan secured by the property: Same deal, no verbiage that I see making it appear that this is personally guaranteed3.

Investors who stay in tune with the local marketplace and apply the 70% formula as a guideline instead of a blanket rule will make their offers more competitive and their investments more lucrative.This post originally appeared on the BiggerPockets blog.