@Frank PatalanoMaking sure that the deal is a win win!

. $250K a unit is also somewhat realistic in those submarkets, though not impossible.Your best bet is a value-add strategy on something that has significant upside with a high growth submarket.

To buy a BIG property today, you will need to take on extreme leverage, make a big bet, convince mulitple other people to hand you hundreds of thousands or millions of dollars, and then you have to be right, inside of a 3-5 year timebox, about your projections, supply, demand, expenses, and cap rates. 

What this means is that if you see an HOA suing a homeowner, just because you win the auction, the property isn't free and clear - any superior liens will still be attached to the property.

As Brie mentioned, you can not deny tenants because of their vouchers.There are other subsidies that you could look into besides CHA.I bet @Mark Ainley or @Jared Kott could provide some better context than me around the subject.

Over a week is crazy for an outage unless we are talking hurricane, tornado or fire.I am betting it is internal to the site.

Your best bet is to find someone doing the work in your area and picking his/her brain. 

Hey @Donald Tsung - your best bet may be to chat with a couple of active brokers in the area that you're scoping out. 

I'll bet you a dollar he doesn't have a license.

IE you have a trustworthy properly capitalized honest investor as the buyer and the seller also is of sound financial standing.any of these things get off kilter then its all bets off..