I was shocked how many section 8 people openly discuss their fraud with a landlord, but I was even more shocked when the section 8 rep didn't care. 

This will also avoid the sticker shock you'll likely experience with a GC 

I'm doing some preliminary research for usage cases for the parcel.

In theory, this becomes an asset as inflation destroys the value of the loan, but in reality you have to balance your leverage with your ability to withstand shocks to the system like recessions, local real estate downturns, eviction moratoriums, etc. 

I had calculated my return based on a 75%LTV, ended up doing a 60% to avoid higher fees on closing costsYeah, this was something that shocked me as well when I bought my first duplex but I did a higher LTV because I'm a bit more of a risk taker and I wanted another property but I'm not sure it made a huge difference in the end.

Also, get ready for some sticker shock over time as commercial real estate insurance has been going up the last few years.

Most CPAs have some preliminary knowledge of RE so I would not worry about that at the infancy of your investing career.

I want to change things like this that the old landlord had in place but I also don't want to shock the tenants or their finances.

They clean between each client, like air bnb, and do their own maintenance.They have sent us a sample lease which I sent to the HOA, and I was a bit shocked that they accepted it.

So I understand completely.My preliminary analysis, without really knowing what I am doing, tells me this could be a great deal.