Government and charities create affordable housing, investors take advantage of it assuming they wish to invest in C/D tenants.

2) You should review government as well as the commercial plans for a particular area to see what is planned if anything. 3) In addition, the economy plays a significant role in the area development.

Remember, HAs are government workers and most have vacation time they are using up at the end of the calendar year.  

Hardest lesson learned:How much the government controls what you do with your property. 

I have been talking with my mother who has been working civil service for the government for over 20 years.

@Tim Porsche yea the deal would be solid if I can eliminate at least the electricity and gas which goes 600$ a month for 4 units however I am not sure if the government would subsidize that the rent is already 950 per unit includes utilities

As greatful as I am to do what I love for a living I recently realized how little control one has over their future if the present is governed only by your clients needs and your ability to deliver on them.

The DC location had to do with proximity to government.

It is a daily challenge to navigate the local, county, state and federal governments; local Code Enforcement, Housing Authorities, Department of Real Estate, Franchise Tax Board, Secretary of State, IRS, Dept. of Fair Housing & Employment, HUD...to name a few. 

@Robert BladeIn general, lenders want to see monthly housing debt of no more than 28%-33% of your income and total debt of no more than 38% of your income.The rental income should be ~80% supposedly your current rental income to account for vacancy etc, If you are government employees guarantee for perpetual income want to work another 10-15 years you can be a bit aggressive on total debt.