That's one of our biggest risks it seems, however, ND is more friendly than the MN side.  

Some of the most successful ones I know are totally remote, unique cabin in the woods type. 

Do you have the funds to carry the payments if no one is renting it ? 

NATHAN KUPPERMANthanks :)Fiona and Obie They appear to be a newer company - around one year.

I've separated out electricity but not water (never heard of sewer being separated) and I've always had separate gas meters on my properties but have separated the heating system on one.

Hi @Raymond Kalonji I would follow what all have said here, but I want to highlight one thing while working with section 8 or any other tenant is very important "timely communication".

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.The downside of using FHA or a FHA 203k is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

In one of the 3 fundamental human needs (food, water, shelter).

Anything can be a deal, evaluate and find the good ones!

Personally I'm against these types of programs, especially 5-figure ones.