Your making a bet on them, that they can operate there business well and thus, will be good tenants. 

@Danielle B. as already stated, you should invest in real estate, not bet on government funding.Interesting article reviewing what Trump did to HUD during his last term:https://www.housingwire.com/articles/what-trump-budget-reque...

It has been mentioned above but your best bet is to separate the SFR and the 8 unit into two separate transactions.

When you make statements like: "Our “moral code” is different than yours because yours has a strict guideline dictated by law."  

I bet you save 50%.....

In an area like Austin, I am betting you can find some great stuff for little cash.

Negotiation LeverageThe long market time gives you leverage—consider making a lower offer with seller financing.Point out the high rehab costs to justify better terms.Offer flexibility (quick closing, interest on seller financing) to make it attractive to the seller.Final ThoughtsYour best bet might be to negotiate seller financing for acquisition and use a rehab loan or private lender for renovations.

But I think finding a cleaner to do it and/or a neighbor kid may be my best bet! 

(We'd charge a lot more I bet.)

With interest rates holding steady (so far) and US Treasury yields hovering in the 4-5% range, many investors are weighing the pros and cons of staying in bonds versus seeking opportunities in real estate. While Tre...