It sounds like it is more extensive. 

They even handle most maintenance and all utilities.

@Dee Mandrekar highly doubtful there's such a big difference between market rent and S8 rent.First off, the GROSS S8 amount includes specific amounts for all utilities - electric, gas, water, trash, etc.We do NOT recommend including utilities in the rent because S8 only pays a certain amount and the owner is then exposed to tenant abuse of utilities. 

I’d recommend finding a mentor to guide you through the process and considering ways to invest even before you reach $100k, like partnering with others or utilizing low down payment loans.

I'm excited to learn more, gain the education, and utilize the tools I need to succeed.

You can end up in an odd spot where these previously disallowed losses are disallowed nearly permanently until either a) you are no longer a real estate professional and you un-aggregate your rentals or b) every single one of your rental activities is disposed of.I have one client right now with some material passive activity loss carryforwards, that the decision was made to wait to make the REPS related election until they utilize these loss carryforwards, so they don't become trapped. 

Also most places offer rebates From your local utility on 2 stage equipment.

My go/no-go was break even (net 0 cash flow) under the following assumptions: 50% occupied at market rent (based on comparable properties) including 15% of gross rents to maintenance/cap-ex (at 100% occupancy) and utility costs.

Additionally, my extensive knowledge of the local area gives me a competitive edge over other investors.2.

Be prepared to justify this to the seller, perhaps by highlighting the extensive rehab costs.Rehab Costs An $80K rehab budget on a multifamily property is substantial.